Theme 1 Flashcards
(15 cards)
State what Promotion means
The use of marketing tools to bring a product or service to the attention of potential buyers
There is 6 types.
State the different types of promotion.
- Personal selling
- Direct marketing
- Above-the-line marketing
- Below-the-line marketing
- Public relations (PR)
- Sponsorships
There is 6 types.
State the different types of Digital Communication.
- BOGOF
- Price Discounts
- Money off Coupons
- Samples/ Giveaways
- Special Events
- Point of Sale
There is 6 types.
State the different types of Digital Communication.
- Online adverts
- Mobile Communications
- “Advergaming”
- Social Media
- Consumer Generated Content
- Viral Strategies
State what Branding means
A brand is a characteristic name or symbol that distingishes one…
Define what Pricing is
The process of pricing is the choice of pricing strategy that a business makes when setting prices for their product/ services
Define what Homogenous is
Adjective of the same kind; alike.
For example similar products that compete in a market
e.g. different brands of yoghurt
Define what Distribution is
The process of getting the right product or service to the consumer in the right place.
Distribution is one of the 4 Ps of marketing; “Place”
There are 4 stages.
State the stages of distribution?
Manufacturer/ Producer ➡ Wholesaler ➡ Retailer ➡ Customer
Samsung ➡ International Outlets for Samsung ➡ EE, T-mobile ➡ Customer
There are 3 stages.
State the stages of distribution?
Manufacturer/ Producer ➡ Retailer ➡ Customer
e.g. Manufacturer/ Supermarket’s “own brand” ➡ Curry’s PC World/ Supermarkets ➡ Customer
There are 2 stages.
State the stages of distribution?
Manufacturer/ Producer ➡ Customer
e.g. NIke/ Adidas ➡ Customer
It is and acronym.
What does FMCG stand for?
Fast Moving Consumer Good
Define Brand
A symbol, logo or design that is recognisable
and distinguishes a product from competitors
A unique design/sign/symbol/words/logo which makes
it recognisable/distinguishes/differentiates it from its
competitors
Define Competition
The rivalry among sellers trying to achieve goals such
as increasing profits, market share, and sales volume