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Marketing 3000 Chapter 16
Joel Poor
23
Marketing
Undergraduate 3
04/28/2012

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Term
Advertising
Definition
A paid form of communication from an identifiable source, delivered through communication channel, and designed to persuade the receiver to take some action now or in the future
Term
Personal Selling
Definition
The two-way flow of communication between a buyer and a seller that is designed to influence the buyer's purchase decision
Term
Integrated Marketing Communications
Definition
Advertising, Personal Selling, Sales Promotion, Public Relations, Direct Marketing, Electronic Media
Term
Sales Promotion
Definition
Special Incentives or excitement building programs that encourage the purchase of a product or service, such as, coupons, contests, free samples, and point of purchase displays
Term
Direct Marketing
Definition
Sales and promotional techniques that deliver promotional materials individually to potential customers. Includes, Telephone, mail, infomercials, catalogs, and internet based initiative such as email or e-commerce
Term
Public Relations
Definition
the organizational function that manages the firm's communications to achieve a variety of objectives, including building and maintaining a positive image, handling or heading off unfavorable stories or events and maintaining positive relationships with the media. This is FREE advertisement.
Term
Electronic Media
Definition
web sites, corporate blogs, social shopping, and online gaming
Term
Objective-and-task method
Definition
An IMC budgetting method that determines the cost required to undertake specific tasks to accomplish communication objectives; process entails setting objectives, choosing media, and determining costs
Term
Rule-of-thumb method
Definition
Budgeting methods that base the IMC budget on either the firms share of the market in relation to competition, a fixed percentage of forecasted sales or what is left after other operating costs and forecasted sales have been budgeted
Term
Competitive parity
Definition
A firm's strategy of setting prices that are similar to those of major competitors
Term
Percentage of sales
Definition
A method of setting an IMC budget based on a fixed percentage of forecasted sales
Term
Affordable Budgeting
Definition
A method of setting an IMC budget in which the firms first forecasts their sales and expenses, excluding IMC. The difference between the forecasted sales and expenses plus desired profit is reserved for the IMC budget
Term
Frequency
Definition
Measure of how often the audience is exposed to a communication within a specified period of time
Term
Reach
Definition
Measure of consumers exposure to marketing communications; the percentage of the target population exposed to a specific marketing communication, such as an advertisement at least once
Term
Gross Rating Points (GRP)
Definition
Measure used for various media advertising- print, radio, or television
Term
GRP Equation
Definition
reach X frequency
Term
Web Tracking Software
Definition
Used to assess how much time viewers spend on particular Web pages and the number of pages they view
Term
Click-Through Tracking
Definition
A way to measure how many times users click on banner advertising on web sites
Term
Online referring
Definition
A promotional web technique in which consumers fill out an interest or order form and are referred to an offline dealer or firm that offers the product or service of interest
Term
Search Engine Marketing (SEM)
Definition
A tool that allows firms to show up in searches based on the keywords potential customer use
Term
Click-Through Rate (CTR)
Definition
An online measure of reach. CTR equals the number of times a potential customer clicks on an ad divided by the number of impressions
Term
Impressions
Definition
The number of times an online ad appears in front of a user
Term
Relevance
Definition
Describes how useful an ad message is to a consumer doing an internet search
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