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MKT final chapter 15
N/A
25
Marketing
Undergraduate 2
05/04/2011

Additional Marketing Flashcards

 


 

Cards

Term
Integrated marketing communications (IMC)
Definition
Coordination of promotional efforts for maximum informational and persuasive impact on customers
Term
Communication
Definition
the sharing of meaning
Term
source
Definition
a person, group, or organization that decodes a coded message
Term
reciever
Definition
the individual, group or organizations that decodes a coded message
Term
coding process
Definition
converting meaning into a series of signs or symbols
Term
promotion
Definition
communication to build and maintain relationships by informing and persuading one or more audiences
Term

create awareness

 

 

(promotional objective)

Definition
making customers aware of the product is crucial to initiating the product adoption process
Term
primary demand
Definition
demand for a product category rather than for a specific brand
Term
pioneer promotion
Definition
promotion that informs consumers about a new product
Term
selective demand
Definition
demand for a specific brand
Term
The promotion mix
Definition
personal selling, public relations, advertising, sales promotion
Term
advertising
Definition

a paid nonpersonal communication about an organization and its products transmitted to a target audience through mass media

 

 

Benefits: extremely cost efficient in reaching a large audience, repeatable several times in several media markets, and adds value to a product and enhances a firm's image

Term
personal selling
Definition

a paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation

 

Advantages: more specific form of advertising, greater impact on consumers, provides immediate feedback

Limitations: expensive, labor intensive and time consuming

Term
Kinesic communications
Definition

communications through the movement of head, eyes, arms, hands, legs, or torso

"physical"

Term
proxemic communications
Definition
communicating by varying the physical distance in personal selling situations
Term
tactile communications
Definition
communicating through touching
Term
public relations
Definition

a broad set of communication efforts used to create and maintain favorable relationships between an organizations and its stakeholders

 

ex: annual reports, brochures, event sponsorship, sponsorship of socially responsible programs

Term
Sales promotion
Definition

an activity or material that acts as a direct inducement, offering added value or incentive for the product, to resellers, salespeople, or consumers

 

ex: free samples, games, rebates, displays, sweepstakes, contests, premiums, and coupons

 

-companies typically spend more on sale promotion than advertising

Term
creative strategy
Definition

informational and transformational appeals - non-product attributes

 

positive and negative appeals: fear,guilt, shame, humor, love, pride, joy

Term
push policy
Definition
promoting a product only to the next institution down the marketing channel
Term
pull policy
Definition
promoting a product directly to consumers to develop strong consumer demand that pulls products through the marketing channel
Term
word-of-mouth communication
Definition
personal informal exchanges of information that customers share with one another about products, brand and companies
Term
social media
Definition
technology that links people to networks and allows exchanges of personal information, professional information and common interests
Term
buzz marketing
Definition
an attempt to incite publicity and public excitement surrounding a product through a creative event
Term
viral marketing
Definition
a strategy to get consumers to share a marketer's message, often through e-mail or online video, in a way that spreads dramatically and quickly
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