MKT ch 18

promotional mix

the combination of one or more communication tools used to: 1 inform prospective buyers about the benefits of the product, 2 persuade them to try it, and 3 remind them later about the benefits they enjoyed by using the product.

integrated marketing communications

the concept of designing marketing communications programs that coordinate all promotional activities-- advertising, personal selling, sales promotion, public relations, and direct marketing-- to provide a consistent message across all audiences

communication

the process of conveying a message to others that requires six elements: a source, a message, a channel of communication, a receiver, and the processes of encoding and decoding.

source

a company or person who has information to convey during the communication process

message

the information sent by a source to a receiver during the communication process

channel of communication

the means (a salesperson, advertising media, or public relations tools) of conveying a message to a receiver during the communication process

receivers

consumers who read, hear, or see the message sent by a source during the communication process

encoding

the process of having the sender transform an idea into a set of symbols during the communication process

decoding

the process of having the receiver take a set of symbols, the message, and transform them back to an idea during the communication process

field of experience

a mutually shared understanding and knowledge that the sender and receiver apply to the message so that it can be communicated effectively during the communication process

response

in the feedback loop, the impact the message had on the receiver's knowledge, attitudes, or behaviors during the communication process

feedback

in the feedback loop, the sender's interpretation of the response, which indicates wheter the message was decoded and understood as intended during the communication process

noise

extraneous factors that can work against effective communication by distorting a message or the feedback received during the communication process

advertising

any paid form of nonpersonal communication about an organization, good, service, or idea by an identified sponsor

personal selling

the two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person's or group's purchase decision

public relations

a form of communication management that seeks to influence the feelings, opinions, or beliefs held by customers, prospective customers, stockholders, suppliers, employees, and other publics about a company and its products or services

publicity

a nonpersonal, indirectly paid presentation of an organization, good, or service

sales promotion

a short-term inducement of value offered to arouse interest in buying a good or service

direct marketing

a promotion alternative that uses direct communication with consumers to generate a response in the form of an order, a request for further information, or a visit to a retail outlet

Introduction stage

To inform. publicity in magazines, advertising, salesforce calling on intermediaries, sales promotion in form of free samples

growth stage

to persuade. personal selling to intermediaries, advertising to differentiate Dog Chow attributes from those of competing brands

maturity stage

to remind. reminder advertising, sales promotion in form of discounts coupons and events, limited personal selling, direct-mail reminders

decline stage

to phase out. little money spent on promotion

complexity

the technical sophistication of the product and hence the amount of understanding required to use it

risk

for the buyer can be assessed in terms of financial risk, social risk, and physical risk

ancillary services

pertain to the degree of service or support required after the sale

prepurchase stage

advertising is more helpful than personal selling because advertising informs the potential customer of the existence of the product and the seller. sales promotion plays an important role

purchase stage

importance of personal selling is highest, whereas the impact of advertising is lowest. sales promotions such as coupons can be very helpful

postpurchase stage

the salesperson is still important. more personal contact after the sale, the more the buyer is satisfied. advertisement is important again to reassure customers purchase

push strategy

directing the promotional mix to channel members to gain their cooperation in ordering and stocking the product

pull strategy

directing the promotional mix at ultimate consumers to encourage them to ask the retailer for a product

advertising

the most efficient means for reaching large numbers of people

personal selling and direct marketing

which two promotional elements are considered customized instead of mass

Public relations

which promotional element is considered the most credible source in the consumer's mind?

sales promotion

effective at changing short run behavior