Edexcel Branding and promotion Flashcards
Umbrella brands
Brands assigned to more than one brand
Cooperate brand
Promoting the brand name rather than product or service
Own label brands
Retail services assign branding to a range of goods
Global brands
Easily recognised and operating worldwide
Brand extension
Uses brand name on products
Brand stretching
Brand used for range of products not necessarily connected
Main aims of promotion
Aware of existence
Persuade customers over competitors
Use of promotion
Increase sales
Attract new customers
Encourage customer loyalty
Promotional mix
Specific mix of promotional methods to pursue marketing objectives
Key factors which influence promotional
Product life cycle
Advertising
Advertising
Paid for communication
Advertising advantages
wide coverage
Repetition is effective
Advertising Disadvantges
Expensive
impersonal
Advertising examples
Tv
Radio
Sales promotion
Persuading consumers to buy products