3.4f - Promotional Mix Flashcards

1
Q

Promotion definition

A

Communication aimed at informing and persuading customers to buy a product

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2
Q

Above the line promotion definition

A

Promotion that is targeted at a specific market but can be seen by anyone

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3
Q

Examples of above the line promotion:

A
  • TV

- Newspaper

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4
Q

Below the line promotion definition

A

Promotion that has direct control over who it reaches

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5
Q

Examples of below the line promotion:

A
  • Personal selling

- Mail-shots

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6
Q

What does successful promotion cause?

A
  1. Attention
  2. Interest
  3. Desire
  4. Action
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7
Q

Promotional mix definition

A

The specific mix of promotional methods that a business uses to pursue its marketing objectives

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8
Q

What are the main elements of the promotional mix?

A
  • Advertising
  • Sales promotion
  • Personal selling
  • Direct marketing
  • Sponsorship
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9
Q

Public relations definition

A

Activities that create goodwill towards the business

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10
Q

Merchandising definition

A

The process of maximising the effectiveness of retail distribution (e.g. point of sale displays)

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11
Q

Sales promotion definition

A

Incentives designed to stimulate purchases (e.g. BOGOF)

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12
Q

Advantages of sales promotion:

A
  • Effective at achieving a quick boost to sales
  • Encourages customers to trial a product or switch brands
  • Raise brand awareness
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13
Q

Disadvantages of sales promotion:

A
  • Sales effect may only be short-term
  • Customers may expect further promotions
  • May damage brand image
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14
Q

Direct marketing definition

A

Promotional material directed through mail, email or telephone to individual households

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15
Q

Advantages of direct marketing:

A
  • Focus limited resources
  • Personalise the message
  • Easy to measure response and success
  • Cost-effective
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16
Q

Disadvantages of direct marketing:

A
  • Response rate varies
  • Negative image of junk mail
  • Databases are expensive to maintain
17
Q

Personal selling definition

A

Promotion on a person to person basis

18
Q

Advantages of personal selling:

A
  • High customer attention
  • Customised message
  • Persuasive impact
  • Opportunity to close the sale
19
Q

Disadvantages of personal selling:

A
  • High cost
  • Labour intensive
  • Can only reach a limited number of customers
20
Q

Advantages of advertising:

A
  • Wide coverage
  • Control of message
  • Effective through repetition
  • Used to build brand loyalty
21
Q

Disadvantages of advertising:

A
  • Expensive
  • Impersonal
  • One way communication
  • Limited ability to close a sale
22
Q

Sponsorship definition

A

When a business financially supports an event, person or organisation in return for advertisement