promotion unit 5 Flashcards

(31 cards)

1
Q

promotion

A

any form of communication used to persuade people to buy products and services

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2
Q

promotional mix

A

a combination of personal selling, publicity, sales promotion and advertising\
any combination of personal selling, publicity, sales promotion and advertising

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3
Q

reasons for promotion

A

generate sales, attract new customers, create a positive image

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4
Q

promotional mix advantages

A

personal selling, publicity, sales promotion, advertising

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5
Q

personal selling advantages

A

direct contact with the customer, skilled people can make lots of sales, two way communication answers the customers questions

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6
Q

publicity

A

a message sent to the market by the media (not the company)

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7
Q

public relations

A

activities designed to improve the comapany’s public image

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8
Q

publicity examples

A

news articles, reviews, social media, public appearances

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9
Q

examples of public relations

A

donations or local charities

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10
Q

sales promotions

A

a short term incentive to buy a product or service

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11
Q

advertising

A

a planned and paid message by the company

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12
Q

how is publicity different from advertising?

A

a company does not pay for the exposure it gets in the media

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13
Q

disadvantage of publicity

A

the company does not have control over it (could lead to negative outcomes)

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14
Q

how is public relations related to bad publicity?

A

bad publicity gives the company a bad image

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15
Q

role of media in public relations

A

magazines, newspapers, television, and radio provide outlets for public relations to function

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16
Q

what is a press release?

A

a newsworthy article that provides basic information to answer questions about a subject

17
Q

personal selling

A

direct communication by a salesperson to potential customers either in person or over the phone

18
Q

why is personal selling not important for cheap products?

A

because advertising may have already sold customers on the product

19
Q

why is personal selling important for expensive products

A

face to face contact might be needed to educate customers about the features and benefits of a product

20
Q

order taker

A

does not involve much sales ability because consumers generally know what they want

21
Q

order getter

A

a professional salesperson who knows how to follow the steps of a sale and then follows up with a sale after it has been completed

22
Q

steps in the selling process

A
  1. prospecting 2. pre-approach 3. approach 4. determine needs 5. present the product 6. overcome objections 7. close the sale 8. perform suggestion selling 9. follow up
23
Q

promotional advertising

A

advertising with a goal of selling the item being promoted

24
Q

institutional advertising

A

advertising with a goal of developing goodwill or a positive image

25
advertising
the paid use of media to communicate a message to a target market
26
arguments for advertising
1. increase sales which leads to profits (more jobs) 2. saves time and money for consumer 3. entertainment
27
arguments against advertising
1. economic waste of money 2. costs pushed onto consumers 3. often offensive in poor taste
28
corporate sponsorship
giving money to another company to fund a project, done to create exposure for a company or product
29
private sponsorship
giving money to a person to fund their career (amateur or Olympic athletes)
30
product placement
paying to locate a product as a prop in a movie or show
31
non media advertising
advertising using other forms of media (planes, blimps, flyers)