Shared Flashcard Set

Details

MKT 390
Chapter 15
17
Marketing
Undergraduate 2
12/09/2014

Additional Marketing Flashcards

 


 

Cards

Term
The Communication Process:

Categories of Communication
Definition
Interpersonal Communication: one-on-one communication

Mass Communication: large scale communication
Term
The Communication Process:

Steps, Actors, & Relevant Factors
Definition
Actors
- Sender: the originator of the message
- Receiver: customers

Steps
- Encoding: the conversion of the sender's ideas and thoughts into a message
-- Usually through words or signs
- Channel: a voice, radio, newspaper, computer, TV, smartphone, etc.
- Decoding: the interpretation of the language and symbols sent by the sources through a channel

Relevant Factors
- Noise: anything that interferes with, distorts, or slows down the transmission of info
- Feedback: the receiver's response to a message
Term
The Promotional Mix:

Advertising Definition
Definition
Any form of impersonal paid communication in which the sponsor or company is identified
Term
The Promotional Mix:

Benefits of Advertising & Old vs New Forms
Definition
Communication with a larger number of people at one time
- The cost per contact is typically quite low (national basis)
- The cost to advertise overall is typically quite high (national basis)

Old Forms: TV, radio, newspapers, magazines, billboards, etc.

New Forms: websites, email, blogs, social media, interactive video kiosks (movie theaters, train stations), etc.
Term
The Promotional Mix:

The Communication Process & The Promotional Mix General Info
Definition
Consumers have more control over defining the essence of the brand (its values) and its messages

Perception is reality to consumers as they can adapt the brand message to fit with their ideals

Info is more valuable than entertaining
Term
The Promotional Mix:

The Communication Process & The Promotional Mix:

Paid Media Definition
Definition
A brand pays for media space

Increasing amounts of paid media are taking the form of website advertising and pay-per-click search engines

Based on traditional brand modeling
Term
The Promotional Mix:

The Communication Process & The Promotional Mix:

Earned Media Definition
Definition
The idea is to get people to talk about the brand

Social media (including search engine optimization) or word of mouth

Based on the public relations of publicity model
Term
The Promotional Mix:

The Communication Process & The Promotional Mix:

Owned Media Definition
Definition
Brands who become publishers of their own content

Controlled by the brand, but keeps the customers informed about the brand

Company websites & social media (Facebook, Twitter, YouTube, blogs, etc.)
Term
AIDA:
Definition
AIDA are the stages of consumer involvement with a promotional message

Attention, Interest, Desire, & Action

Buyers making high-involvement purchasing decisions pass through the AIDA steps

Promoter's task is to determine where on the ladder most of the target market is and move them toward the Action Stage

AIDA & The Promotional Mix
- Advertising has a greater effect in the later stages
Term
AIDA:

Attention
Definition
1st Stage

Cognitive (thinking)

Advertiser must gain the attention of the target market
Term
AIDA:

Interest
Definition
2nd Stage

Affective (feeling)

Creates interest in the product

Salesperson should be selling the benefits not just the features
Term
AIDA:

Desire
Definition
3rd Stage

Affective (feeling)

Creating desire comes from selling the benefits over the features
Term
AIDA:

Action
Definition
4th Stage

Cognitive (doing)

Communicates a want for the features and benefits
Term
Informing & Persuading vs Reminding:

Connection Promotion
Definition
Forms a relationship through social media

Encourages transparent info exchange

Customers become brand advocates
Term
Informing & Persuading vs Reminding:

Reminder Promotion
Definition
Reminds customers what product they need

Reminds customers where to buy the product

Maintains customer awareness
Term
Informing & Persuading vs Reminding:

Persuasive Promotion
Definition
Encourages brand switching

Changes the customer's perception of product attributes

Influences an immediate buying decision
Term
Informing & Persuading vs Reminding:

Informative Promotion
Definition
Increases product awareness

Explains how the product works

Suggests new uses for the product

Builds the company's image
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