Shared Flashcard Set

Details

FINAL exam MKTG 321 LITZ
fall 2010, foundations of marketing for may's business school final
117
Marketing
Undergraduate 3
11/28/2010

Additional Marketing Flashcards

 


 

Cards

Term
Integrated marketing communications (IMC):
Definition
coordination of promotional efforts for maximum information and persuasive impact
Term
Integrated marketing communications (IMC):
Definition
Allows a firm to coordinate and manage its promotional efforts to transmit consistent messages
Term
Integrated marketing communications (IMC):
Definition
Fosters long term customer relationships and the efficient use of promotional resources
Term
Branded entertainment
Definition
branded content, which includes product placement, that is designed to combine electronic media with an advertise to create an integrated, entertaining product
Term
Communication
Definition
a sharing for mean; transmission of information
Term
Source
Definition
a person, group, or organization with a meaning it tries to share
Term
Receiver
Definition
the individual, group, or organization that decodes a coded message
Term
Audience
Definition
two or more receivers
Term
Coding process
Definition
converting meaning into a series of signs or symbols
Term
Communications channel
Definition
the medium of transmission that carries the coded message from the source to the receiver or audience
Term
Decoding process
Definition
converting signs or symbols into concepts and ideas
Term
Noise
Definition
anything that reduces a communication's clarity and accuracy
Term
Feedback
Definition
the receiver’s response to a message
Term
Channel capacity
Definition
the limit on the volume of information a communication channel can handle effectively
Term
promotion
Definition
communication to build and maintain relationships by informing and persuading one or more audiences
Term
primary demand
Definition
demand for a product category rather than for a specific brand
Term
pioneer promotion
Definition
promotion that informs consumers about a new product
Term
selective demand
Definition
demand for a specific brand
Term
role and objectives of promotion (
Definition
create awareness, stimulate demand, encourage product trial, identify prospects, reatin loyal customers, facilitate reseller support, combat competitive promotional efforts, reduce sales fluctuations
Term
cause rleated marketing
Definition
efforts to link the purchase of producgts to philanthropic efforts for one or mroe causes
Term
promotion mix
Definition
a combination of promotional methods used to promote a specific product
Term
kinesic communication
Definition
communicating through the movement of head, eyes, arms, hands, legs, or torso
Term
proxemic communication
Definition
communicating by varying the physical distance in face to face interactions
Term
tactile communication
Definition
communicating through touching
Term
push policy
Definition
promoting a product only to the next institution down the marketing channel
Term
pull policy
Definition
promoting a product directly to consumers to develop strong consumer demand that pulls products through the marketing channel
Term
word of mouth communication
Definition
personal, informal exchanges of information that customers share with one another about products, brands, and companies
Term
social media
Definition
involves electronic technologies that link people to networks and allow the exchange of personal and professional information as well as common interests such as product and brand preferences
Term
buzz marketing
Definition
an attempt to incite publicity and public excitement surrounding a product through a creative event
Term
viral marketing
Definition
a strategy to get consumers to share a marketer's message, often through email or online video, in a way that spreads dramatically and quickly
Term
product placement
Definition
the strategic location of products or product promotions within television program content to reach the product's target market
Term
two criticisms of promotion
Definition
too much promotional activity; "deceptive"; blamed for increasing prices; manipulates consumers into buying products they do not need-->materialism
Term
advertising
Definition
paid nonpersonal communication about an organization and its products transmitted to a target audience through mass media
Term
institutional advertising
Definition
promotes organizational images, ideas, and political issues
Term
advocacy advertising
Definition
promotes a company's position on a public issue
Term
product advertising
Definition
promotes products' uses, features, and benefits
Term
pioneer advertising
Definition
tries to stimulate demand for a product category (rather than a specific brand) by informing potential buyers about the product
Term
competitive advertising
Definition
tries to stimulate demand for a specific brand by promoting its features, uses, and advantages
Term
comparative advertising
Definition
compares the sponsored brand with one or more identified brands on the basis of one or more product characteristics
Term
reminder advertising
Definition
reminds consumers about an established brand's uses, characteristics, and benefits
Term
reinforcement advertising
Definition
assures users they chose the right brand and tells them how to get the most satisfaction from it
Term
advertising campaign
Definition
designing a series of advertisements and placing them in various advertising media to reach a particular target audience
Term
target audience
Definition
the group of people at whom advertisements are aimed
Term
advertising platform
Definition
basic issues or selling points to be included in the advertising campaign
Term
advertising appropriation
Definition
advertising budget for a specified period
Term
objective and task approach
Definition
budgeting for an advertising campaign by first determining its objectives and then calculating the cost of all the tasks needed to attain them
Term
percent of sales approach
Definition
budgeting for an advertising campaign by multiplying the firm's past or expected sales by a standard percentage
Term
competition matching approach
Definition
determining an advertising budget by trying to match competitors' ad outlays
Term
arbitrary approach
Definition
budgeting for an advertising campaign as specified by a high level executive in the firm
Term
media plan
Definition
specifies media vehicles and schedule for running the advertisements
Term
cost comparison indicator
Definition
a means of comparing the cost of vehicles in a specific medium in relation to the number of ppl reached
Term
regional issues
Definition
versions of a magazine that differ across geographic regions
Term
copy
Definition
the verbal portion of advertisements
Term
storyboard
Definition
a mockup combining copy and visual material to show the sequence of major scenes in a commercial
Term
artwork
Definition
an ad's illustrations and layout
Term
layout
Definition
the phsyical arrangement of an ad's illustration and copy
Term
illustrations
Definition
photos, drawings, graphs, charts, and tables used to spark audience interest
Term
pretest
Definition
evaluation of ads performed before a campaign begins
Term
consumer jury
Definition
a panel of a product's actual or potentital buyers who pretest ads
Term
posttest
Definition
evaluation of advertising efffectiveness after the campaign
Term
recognition test
Definition
a post test in which individuals are shown the actual ad and asked if they recognize it
Term
unaided recall test
Definition
a post test in which respondents identify ads they have recently seen but are given no recall clues
Term
aided recall test
Definition
a post test that asks respondents to identify recent ads and provides clues to jog their memories
Term
public relations
Definition
communication efforts sued to create and maintain favorable relations between an organization and its stakeholders
Term
publicity
Definition
a news story type of communication transmitted through a mass medium at no charge
Term
news release
Definition
a short piece of copy publicizing an event or a product
Term
feature article
Definition
a manuscript of up to 3000 words prepared for a specific publication
Term
captioned photograph
Definition
a photo with a brief description of its contents
Term
press conference
Definition
a meeting used to announce major news events
Term
personal selling
Definition
paid personal communication that attempts to inform customers and persuade them to buy products in an exchange situation
Term
prospecting
Definition
developing a list of potential customers
Term
approach
Definition
the manner in which a salesperson contacts a potential customer
Term
closing
Definition
the stage in the selling process when the salesperson asks the prospect to buy the product
Term
order getter
Definition
the salesperson who sells to new custoemrs and increases sales to current ones
Term
order takers
Definition
salespersons who primarily seek repeat sales
Term
support personnel
Definition
sales staff members who facilitate selling but usually are not involved solely with making sales
Term
missionary salespeople
Definition
support salespersons who assist the producer's custoemrs in selling to their own customers
Term
trade salesppl
Definition
salespersons involved mainly in helping a producer's custoemrs promote a product
Term
technical salesppl
Definition
support salespersons who give technical assistance to a firm's current customers
Term
team selling
Definition
the use of a team of experts from all functional areas of a firm, led by a salesperson, to conduct the personal selling process
Term
relationship selling
Definition
the building of mutually beneficial long term associations with a customer through regular communications over prolonged periods of time
Term
straight salary compensation plan
Definition
paiyng salespeople a specific amount per time period, regardless of selling effort
Term
straight commission compensation plan
Definition
paying salespeople according to the amount of their sales in a given time period
Term
combination compensation plan
Definition
paying salespeople a fixed salary plus a commission based on sales volume
Term
sales promotion
Definition
an activity and/or material meant to induce resellers or salespeople to sell a product or consumers to buy it
Term
consumer sales promotion methods
Definition
ways of encouraging consumers to patronize specific stores or try particular products
Term
coupons
Definition
written price reductions used to encourage consumers to buy a specific product
Term
cents off offer
Definition
a promotion that lets buyers pay less than the regular price to encourage purchase
Term
money refunds
Definition
a sales promotion technique offering consumers money when they mail in a proof of purchase, usuallly for multiple product purchases
Term
rebates
Definition
a sales promotion technique whereby a customer is sent a specific amount of money for purchasing a single product
Term
point of purchase (POP) materials
Definition
signs, window display racks, and similar means used to attract customers
Term
demonstrations
Definition
a sales promotion method manufacturers use temporarily to encourage trial use and purchase of a product or to show how a product works
Term
free samples
Definition
samples of a product given out to encourage trial and purchase
Term
premiums
Definition
items offered free or a t a minimal cost as a bonus for purchasing a product
Term
consumer contests
Definition
sales promotion methods in which individuals compete for prizes based on analytical or creative skills
Term
consumer games
Definition
sales promotion method in which individuals compete for prizes based primarily on chance
Term
consumer sweepstakes
Definition
sales promtoion in which entrants submit their names for inclusion in a drawing for prizes
Term
trade sales promotion methods
Definition
ways of persuading wholesalers and retailers to carry a producer's products and mrket them aggrevessively
Term
buying allowance
Definition
a temporary price reduction to resellers for purchasing specified quantities of a product
Term
buy back allowance
Definition
a sum of money given to a reseller for each unit bought after an initial promotion deal is over
Term
scan back allowance
Definition
a manufacturer's reward to retailers based on the number of pieces scanned
Term
merchandise allowance
Definition
a manufacturer's agreement to pay resellers certain amounts of money for providing special promotional efforts
Term
cooperative advertising
Definition
an arrangement in which a manufacturer agrees to pay a certain amount of retailer's media costs for advertising the manufacturer's products
Term
dealer listings
Definition
advertisements that promote a product and identify the names of participating retailers that sell the product
Term
free merchandise
Definition
a manufacturer's reward given to resellers for purchasing a stated quantity of products
Term
dealer loader
Definition
a gift, often part of a display, given to a retailer purchasing a specified quantity of merchandise
Term
premium money (or push money)
Definition
extra compensation to salespeople for pushing a line of goods
Term
sales contest
Definition
a promotion method used to motivate distributors, retailers, and sales personnel through recognition of outstanding achievements
Term
media planner's primary goal
Definition
to reach the largest number of people in the advertising target audience that the budget will allow
Term
reach
Definition
the percentage of consumers in the target audience actually exposed to a particular advertisement in a stated period
Term
frequency
Definition
the number of times these targeted consumers are exposed to the advertisement
Term
three general types of media schedules
Definition
continuous, flighting, pulsing
Term
continous schedule
Definition
advertising runs at a constant level with little variation throughout the campaign period
Term
flighting shcedule
Definition
ads run for set periods of time, alternating with periods in which no ads run
Term
pulsing schedule
Definition
combines continuous and flighting schedules; certain portion run continuously, and additional ads used at specific time periods
Term
environmental monitoring
Definition
identifies changes in public opinion affecting an organization
Term
public relations audit
Definition
used to assess an organization's image among the public or to evaluate the effect of a specific public relations program
Supporting users have an ad free experience!