Theme 1 Flashcards

(15 cards)

1
Q

State what Promotion means

A

The use of marketing tools to bring a product or service to the attention of potential buyers

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2
Q

There is 6 types.

State the different types of promotion.

A
  1. Personal selling
  2. Direct marketing
  3. Above-the-line marketing
  4. Below-the-line marketing
  5. Public relations (PR)
  6. Sponsorships
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3
Q

There is 6 types.

State the different types of Digital Communication.

A
  1. BOGOF
  2. Price Discounts
  3. Money off Coupons
  4. Samples/ Giveaways
  5. Special Events
  6. Point of Sale
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4
Q

There is 6 types.

State the different types of Digital Communication.

A
  1. Online adverts
  2. Mobile Communications
  3. “Advergaming”
  4. Social Media
  5. Consumer Generated Content
  6. Viral Strategies
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5
Q

State what Branding means

A

A brand is a characteristic name or symbol that distingishes one…

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6
Q

Define what Pricing is

A

The process of pricing is the choice of pricing strategy that a business makes when setting prices for their product/ services

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7
Q

Define what Homogenous is

A

Adjective of the same kind; alike.

For example similar products that compete in a market

e.g. different brands of yoghurt

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8
Q

Define what Distribution is

A

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”

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9
Q

There are 4 stages.

State the stages of distribution?

A

Manufacturer/ Producer ➡ Wholesaler ➡ Retailer ➡ Customer

Samsung ➡ International Outlets for Samsung ➡ EE, T-mobile ➡ Customer

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10
Q

There are 3 stages.

State the stages of distribution?

A

Manufacturer/ Producer ➡ Retailer ➡ Customer

e.g. Manufacturer/ Supermarket’s “own brand” ➡ Curry’s PC World/ Supermarkets ➡ Customer

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11
Q

There are 2 stages.

State the stages of distribution?

A

Manufacturer/ Producer ➡ Customer

e.g. NIke/ Adidas ➡ Customer

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12
Q

It is and acronym.

What does FMCG stand for?

A

Fast Moving Consumer Good

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13
Q

Define Brand

A

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

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14
Q

Define Competition

A

The rivalry among sellers trying to achieve goals such
as increasing profits, market share, and sales volume

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15
Q
A
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