| Number of flashcards in this category: 22. | |||
| 1. | pull | Get grassroots customers excited, who then demand retailers and wholesalers to get it. Requires higher spending to get consumers into it. | |
| 2. | metric | A way to measure something. | |
| 3. | push | Push products through distribution channels. Get wholesalers into it, who get retailers into it, who try and push it to the customers. | |
| 4. | IMC | integrated marketing communications - Try to integrate sales promotions, personal selling, public relations and word of mouth | |
| 5. | 1. promotion objectives | Vary based on PLC. A new product, might be to try to inform, create awareness and persuade to try. A mature product, may be "reminder" of brand. | |
| 6. | 3a. message | Use a creative strategy to appeal. - try to differentiate product/brand and how it is remembered. - draw on emotions: sex, fear, humor - simplistic emotions are best, not too extreme | |
| 7. | CPM | Cost to reach each 1000 people. | |
| 8. | 4. evaluation | Look at awareness, purchase intention, perceptions. - Gets cut the most often by small budget companies. | |
| 9. | GRP | gross ratings points: % of target audience reached e.g. Ad shown 5 times, reaches 50% audience each time has 5*50% = 250 GRP. | |
| 10. | promotion irony | word of mouth (and public relations) are most influential in advertising, but the least controllable | |
| 11. | % of selling that is advertising | Averages out to 5-7%. (Varies based on item) | |
| 12. | advertising cycle | 1. Objectives 2. Budget 3. Message & Media 4. Evaluation | |
| 13. | personal selling | - Sales force are in direct, face-to-face contact with customer (e.g. b2b) - high cost - slow, ineffective to reach large number of individual customers. Must ensure sales force maintain company aims. - builds stronger, more personal relationships with customers | |
| 14. | 2. promotion budget | 10% of soap only 1.2% of computers Varies on product. Strategically, spend as much as your competitors (parity) | |
| 15. | media trends | tv - falling radio - stable magazine - stable internet - shooting up newspaper - dropping slightly | |
| 16. | public relations | Good communication with ALL public (customers, stockholders, gov't, suppliers) - can't always control media's message, or interest in your deeds ex: Dove Campaign for Real Beauty. Created a lot of positive free press. | |
| 17. | word of mouth | - create a buzz, viral mktg - most influential - general, norm way of making a decision | |
| 18. | product placement | Showing brands in movies, TV shows, and video games. (Paid endorsement) | |
| 19. | advertainment | Program is built around a sponsor; e.g. TV shows (Apprentice, American Idol). Major differentiator: sponsor comes first, THEN show story is built around it. | |
| 20. | 3b. the media | "vehicle" to getting message across - used to be newspapers, magazines, etc. - Now, more various ways to reach people. Everybody spending a ton; need to "cut through clutter" | |
| 21. | commercial product placement | ex: Google pays to be announced at the end of other companie's commercials | |
| 22. | guerilla marketing | Deliver mktg where we're not expecting it = more likely to pay attention. - effective for a few uses, then gets old | |