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Institutional Advertising |
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Definition
promotes organizational... - images - ideas - political issues (ex. Allstate = "In Good Hands") |
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promotes a company's position on a public issue (ex. Philip Morris & smoking) *form of Institutional Ads |
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promotes the... - uses - features - benefits ... of a product |
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↑ primary demand Introductory stage of life cycle *form of product advertising |
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↑ secondary demand sometimes compared to competitor offerings *form of product advertising |
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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 |
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reminds customers an established brand is "still around" & offers benefits *form of Competitive advertising |
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Reinforcement Advertising |
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assures customers they made the right brand choice tells how to maximize satisfaction * ↓ cognitive dissonance |
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Advertising Campaign (def.) |
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creation & execution of a series of ads to communicate w/ target mkt. |
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Advertising Campaign (steps: Notes) |
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Set Objectives ↓ Budget Decisions ↓ ↓ Message Decisions Media Decisions ↓ ↓ Evaluate Campaign *vary based on resources, product type, audience, etc. |
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Target Market vs. Target Audience |
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Audience - can be a smaller group of the target market (ex. Nissan - marketed minivans to Latinos) |
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Advertising Objectives (x3) |
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Inform - primary demand Persuade - selective demand Remind - ↑ brand loyalty |
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Budget Decisions (factors, x5) |
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- stage in Life Cycle - Market Share - Competition & Clutter (noise?) - Advertising Frequency - Product Differentiation |
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# of people in target mkt. exposed to the ad during the campaign |
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# of times people are exposed to an ad |
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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 |
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Advertising Appropriation (def., x4) |
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advertising budget for a specific time period APPROACHES: -Objective & Task - % of Sales - Competition-Matching - Arbitrary |
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Objective & Task Approach |
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1) determine objectives 2) list necessary tasks 2) determine cost of each task *how accurately can we determine tasks & costs??? |
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Multiplies past and expected sales by a standard % *based on: sales create advertising...FALSE |
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Competition-Matching Approach |
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Match competitors... - total budget - % of sales *does competition have the same objectives, constraints, etc.??? |
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# determined by high-level company exec. |
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- specifies the mediums to be used - sets dates & times ads will appear * to achieve appropriate Reach & Frequency |
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- 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) |
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Target mkt characteristics tend to differ by region * some ads may be more effective in Boston than in Portland |
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Verbal portion of an ad *headline is most important **not necessarily written text |
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identifies the ad's sponsor (ex. logo, name, address, etc.) *in the "Copy" |
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Evaluation before ad campaign begins - often uses a "consumer jury" - test groups, potential buyers, etc. |
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Evaluation after the campaign - measures changes in desired variables *test type determined by ad objectives |
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Respondent shown an actual ad...can they recognize it?
*posttest |
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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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