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MKTG 350: 13
CHAP 13
49
Marketing
Undergraduate 3
11/20/2010

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Term
PROMOTION
Definition
COMMUNICATING INFO BETWEEN THE SELLER AND POTENTIAL BUYER TO INFLUENCE ATTITUDES AND BEHAVIOR--> PERSONAL SELLING, MASS SELLING, SALES PROMOS
Term
PERSONAL SELLING
Definition
DIRECT SPOKEN COMMUNICATION BETWEEN SELLERS AND POTENTIAL CUSTOMERS. IMMEDIATE FEEDBACK. EXPENSIVE.
Term
ADVERTISING
Definition
ANY PAID FORM OF NON-PERSONAL PRESENTATION OF IDEAS, GOODS, SERVICES BY AN IDENTIFIED SPONSOR. MAIN FORM OF MASS SELLING.
Term
PUBLICITY
Definition
FREE FORM OF MASS SELLING. ANY UNPAID FORM OF NON-PERSONAL PRESENTATION OF IDEAS, GOODS, SERVICES.
Term
SALES PROMOTION
Definition
REFERS TO PROMOTION ACTIVITIES THAT STIMULATE INTEREST, TRIAL, OR PURCHASE
Term
IMC
Definition
THE INTENTIONAL COORDINATION OF EVERY COMMUNICATION FROM A FIRM TO A TARGET CUSTOMER TO CONVEY A CONSISTENT AND COMPLETE MESSAGE
Term
AIDA
Definition
ATTENTION, INTEREST, DESIRE, ACTION
Term
INFORMING OBJECTIVE OF PROMOTION
Definition
(AIDA) ATTENTION, INTEREST

(ADOPTION PROCESS) AWARENESS, INTEREST
Term
PERSUADING OBJ OF PROMOTION
Definition
(AIDA) DESIRE

(ADOPTION PROCESS) EVALUATION, TRIAL
Term
REMINDING OBJ OF PROMOTION
Definition
(AIDA) ACTION

(ADOPTION PROCESS) DECISION, CONFIRMATION
Term
DIRECT RESPONSE
Definition
IMMEDIATE FEEDBACK FROM CUSTOMERS

EX) DIRECT MAIL ADVERTISING FROM A CAREFULLY SELECTED MAILING LIST BY CRM
Term
CRM: CUSTOMER RELATIONSHIP MGMT
Definition
DIRECT RESPONSE PROMOTION RELIES ON CRM DARABASES --> PAPER WASTE, ANNOYING CALLS
Term
PUSH
Definition
PUSHING MEANS USING NORMAL PROMOTION EFFORT (PERSONAL SELLING, ADVERTISING, SALES PROMOTION) TO HELP SELL THE WHOLE MKTG MIX TO POSSIBLE CHANNEL MEMBERS
Term
PULL
Definition
PULLING MEANS GETTING CUSTOMERS TO ASK INTERMEDIARIES FOR THE PRODUCT. FOCUS ON CUSTOMERS AT THE END OF THE CHANNEL --> STIMULATES DEMAND THUS PULLING THE PRODUCT THROUGH THE CHANNEL OF DISTRIBUTION

MASS ADS AND CONSUMER PROMOTION
Term
ADOPTION PROCESS
Definition
FOCUSES ON INDIVIDUALS BECAUSE DIFFERENT SEGMENTS OF CUSTOMERS WITHIN A MKT MAY BEHAVE DIFFERENTLY WITH SOME TAKING THE LEAD IN TRYING NEW PRODUCTS AND IN TURN INFLUENCING OTHERS
Term
ADOPTION PROCESS GROUPS
Definition
INNOVATORS --> EARLY ADOPTERS --> EARLY MAJORITY --> LATE ADOPTERS --> LAGGARDS
Term
INNOVATORS
Definition
- FIRST TO ADOPT
- YOUNG, EDUCATED, MOBILE
- MANY CONTACTS OUTSIDE LOCAL GROUP
Term
EARLY ADOPTERS
Definition
- YOUNG
- NOT MANY CONNECTIONS OUTSIDE LOCAL GROUP
- OPINION LEADERS
- MOST CONTACT WITH SALESPEOPLE
- WOM SPREADERS
Term
EARLY MAJORITY
Definition
- AVOIDS RISK BY WAITING UNTIL MANY EARLY ADOPTERS HAVE TRIED SOMETHING AND LIKED IT
- MUCH CONTACT WITH SALESPEOPLE, OPINION LEADERS, AND MESS MEDIA
- AVERAGE SIZED BUSINESSES
Term
LATE MAJORITY
Definition
- VERY CAUTIOUS ABOUT NEW IDEAS
- OLDER, SET IN WAYS
- STRONG PRESSURE FROM THEIR OWN GROUP IS NEEDED
- DOESN'T PAY ATTENTION TO SOURCES OF INFO
Term
LAGGARDS
Definition
- PREFER DOING THINGS THE WAY THEY ARE ALWAYS DONE
- SUSPICIOUS OF NEW IDEAS
- OLD, LESS EDUCATED
- SMALLEST BUSINESSES
Term
PRIMARY DEMAND
Definition
DEMAND FOR THE GENERAL PRODUCT IDEA-- NOT BRAND.
Term
SELECTIVE DEMAND
Definition
DEMAND FOR A COMPANY'S BRAND -- MAIN OBJ IS TO GET CUSTOMERS TO KEEP BUYING A SPECIFIC BRAND
Term
TASK METHOD
Definition
BASING THE BUDGET ON THE JOB TO BE DONE -- IT HELPS YOU SET PRIORITIES SO THAT THE MONEY YOU SPEND PRODUCES SPECIFIC RESULTS -- MOST SENSIBLE APPROACH TO BUDGETING. CONSIDERS RELATIONSHIP BETWEEN DOLLARS SPENT AND RESULTS.
Term
MKTG COMMUNICATIONS MIX
Definition
1. ADVERTISING
2. PUBLIC RELATIONS & PUBLICITY
3. SALES PROMOTIONS
4. PERSONAL SELLING
5. DIRECT MKTG
Term
DIRECT MKTG
Definition
DIRECT MAIL, TELEMARKETING, DIRECT RESPONSE BROADCAST ADS, INFOMERCIALS, CABLE SHOPPING NETWORK
Term
COMMUNICATION OBJECTIVES
Definition
-TO INFORM
-TO PERSUADE
-TO REMIND
Term
SOME _______ FAITH IN MASS MEDIA ADVERTISING
Definition
REDUCED
Term
_______ RELIANCE ON _______ TARGETED COMMUNICATION METHODS
Definition
INCREASED... HIGHLY
Term
GREATER DEMANDS BY ADVERTISERS FOR _____ SERVICES ON COMMUNICATION SUPPLIERS
Definition
MORE
Term
INCREASED EFFORTS TO ASSESS COMMUNICATION'S ___.
Definition
ROI
Term
IMC FEATURES
Definition
-EFFECTS ON BEHAVIOR
-USE ALL FORMS OF CONTACT
-STARTS WITH CUSTOMER
-ACHIEVE SYNERGY
-BUILD RELATIONSHIPS WITH CUSTOMERS
Term
SYNERGY
Definition
A SINGLE VOICE ACROSS COMMUNICATION METHODS
Term
COMMUNICATION PROCESS
Definition
SOURCE --> ENCODING --> MESSAGE --> CHANNEL --> DECODING --> RECIEVER ----NOISE----> FEEDBACK
Term
SOURCE
Definition
-MESSAGE SPONSOR
-MESSAGE PRESENTERS
-SOURCE CREDIBILITY: TRUST, ATTRACTIVENESS, EXPERTISE
Term
ENCODING
Definition
CHOOSING WORDS, SYMBOLS, ETC. TO CONVEY A MESSAGE
Term
MESSAGE
Definition
-STRENGTH OF ARGUMENT
-STRUCTURE: ORDER OF PRESENTATION, ONE V. TWO SIDED MESSAGE, CONCLUSION DRAWING
-CONTENT: RATIONAL, EMOTIONAL, HEDONIC
-FORMAT: HEADLINE, COLOR, ETC
Term
CHANNEL
Definition
1- ADVERTISING 2- PUBLIC RELATIONS & PUBLICITY 3- SALES PROMOTIONS 4- PERSONAL SELLING 5- DIRECT MKTG 6- MEDIA
Term
DECODING
Definition
RECEIVER TRANSLATES AND INTERPRETS THE MESSAGE
Term
NOISE
Definition
COMPETING MESSAGES, DISTRACTIONS, POORLY DESIGNED MESSAGES OR MEDIA CAMPAIGNS
Term
SITUATION ANALYSIS
Definition
CONSIDERATION OF THE COMPETITIVE, ECONOMIC, AND SOCIAL ENVIRONMENTS
Term
COMMUNICATIONS PROCESS ANALYSIS
Definition
DETERMINE OBJECTIVES, IDENTIFY TARGET AUDIENCE, LEVEL OF INVOLVEMENT
Term
BUDGETING METHODS ARE INFLUENCED BY
Definition
INDUSTRY, SIZE, MKT GROWTH, POSITION IN THE MKT PLACE
Term
BUDGETING METHODS
Definition
1. ALL YOU CAN AFFORD
2. PERCENT OF SALES
3. COMPETITIVE PARITY
4. TASK METHOD
Term
MKTG COMMUNICATIONS DEVELOPMENT
Definition
-TYPE OF PRODUCT
-PUSH V. PULL
-PLC STAGE
-MKT SHARE
Term
TYPE OF PRODUCT
Definition
INDUSTRIAL V. CONSUMER
Term
PULL INVOLVES GREATER EMPHASIS ON
Definition
MASS ADS AND CONSUMER PROMOTION
Term
PLC STAGE:
Definition
SALES PROMOTIONS LATER AND ADVERTISING EARLIER
Term
HIERARCHY OF EFFECTS
Definition
BOTH SEQUENCE OF EFFECTS AND SET OF OUTCOMES
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