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Details

Mktg 301 - ch. 19
concept check 3
30
Marketing
Undergraduate 3
11/19/2008

Additional Marketing Flashcards

 


 

Cards

Term
Institutional Advertising
Definition

promotes organizational...

 

- images

- ideas

- political issues

 

 

(ex. Allstate = "In Good Hands")

Term
Advocacy Advertising
Definition

promotes a company's position on a public issue

 

 

(ex. Philip Morris & smoking)

 

*form of Institutional Ads

Term
Product Advertising
Definition

promotes the...

 

- uses

- features

- benefits

 

... of a product

Term
Pioneer Advertising
Definition

↑ primary demand

 

Introductory stage of life cycle

 

 

*form of product advertising

Term
Competitive Advertising
Definition

↑ secondary demand

 

sometimes compared to competitor offerings

 

 

*form of product advertising

Term
Comparative Advertising
Definition

compares 2+ brands based on 1+ product characteristic

 

*often used by ↓ mkt. share competitor to compare w/ mkt. leaders

 

(ex. Miller Light vs. Bud Light)

 

 

*form of Competitive advertising

Term
Reminder Advertising
Definition

reminds customers an established brand is "still around" & offers benefits

 

 

 

*form of Competitive advertising

Term
Reinforcement Advertising
Definition

assures customers they made the right brand choice

 

tells how to maximize satisfaction

 

 

* ↓ cognitive dissonance

Term
Advertising Campaign (def.)
Definition
creation & execution of a series of ads to communicate w/ target mkt.
Term
Advertising Campaign (steps: Notes)
Definition

Set Objectives

↓ 

 Budget Decisions

↓                 ↓ 

Message Decisions             Media Decisions

↓                 ↓ 

Evaluate Campaign

 

 

*vary based on resources, product type, audience, etc.

Term
Target Market vs. Target Audience
Definition

Audience - can be a smaller group of the target market

 

 

 

(ex. Nissan - marketed minivans to Latinos)

Term
Advertising Objectives (x3)
Definition

Inform - primary demand

 

Persuade - selective demand

 

Remind - ↑ brand loyalty

Term
Budget Decisions (factors, x5)
Definition

- stage in Life Cycle

 

- Market Share

 

- Competition & Clutter (noise?)

 

-  Advertising Frequency

 

- Product Differentiation

Term
Reach
Definition
# of people in target mkt. exposed to the ad during the campaign
Term
Frequency
Definition
# of times people are exposed to an ad
Term
Advertising Platform
Definition

issues or selling points to be used in ad campaign

 

- often based on researching (or employee input) what target mkt. "wants to hear"

 

(ex. New Balance - Rec. vs. Pro athletes)

 

 *crucial to later stages

*does NOT indicate how to present issues

Term
Advertising Appropriation (def., x4)
Definition

advertising budget for a specific time period

 

 

APPROACHES:

-Objective & Task

- % of Sales

- Competition-Matching

- Arbitrary

Term
Objective & Task Approach
Definition

1) determine objectives

 

2) list necessary tasks

 

2) determine cost of each task

 

 

*how accurately can we determine tasks & costs???

Term
% of Sales Approach
Definition

Multiplies past and expected sales by a standard %

 

 

*based on: sales create advertising...FALSE

Term
Competition-Matching Approach
Definition

Match competitors...

 

- total budget

- % of sales

 

 

*does competition have the same objectives, constraints, etc.???

Term
Arbitrary Approach
Definition
# determined by high-level company exec.
Term
Media Plan
Definition

- specifies the mediums to be used

 

- sets dates & times ads will appear

 

 

* to achieve appropriate Reach & Frequency

Term
Ad. Schedule Types (x3)
Definition

- Continuous - constant level throughout campaign

 

- Flighting - ads runs for a time → doesn't run → runs again

 

- Pulsing - combines Continuous & Flighting (some ads are constant, but at certain times more appear)

Term
Use of Regional Issues
Definition

Target mkt characteristics tend to differ by region

 

* some ads may be more effective in Boston than in Portland

Term
Copy
Definition

Verbal portion of an ad

 

*headline is most important

 

**not necessarily written text

Term
Signature
Definition

identifies the ad's sponsor

 

(ex. logo, name, address, etc.)

 

*in the "Copy"

Term
Pretest
Definition

Evaluation before ad campaign begins

 

- often uses a "consumer jury" - test groups, potential buyers, etc.

Term
Posttest
Definition

Evaluation after the campaign

 

- measures changes in desired variables

 

 

*test type determined by ad objectives

Term
Recognition Test
Definition

Respondent shown an actual ad...can they recognize it?


 

 

*posttest

Term
Recall Tests
Definition

what have respondents seen or heard recently?

 

 *not shown the actual ad

 

- Unaided - no cues

- Aided - shown product lists, brands, etc.

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