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MKTG 350 EXAM 4
exam 4
30
Marketing
Undergraduate 3
11/22/2010

Additional Marketing Flashcards

 


 

Cards

Term
promotion
Definition

communicating information between the seller and the potential buyer or others in the channel to influence attitudes and behavior.

 

Term
personal selling
Definition
involves direct spoken communication between sellers and potential customers. salespeople get immediate feedback which helps them to adapt
Term
mass selling
Definition
communicating with large numbers of potential customers at the same time.  less flexible than personal selling but it can be less expensive
Term
publicity
Definition
any unpaid form of nonpersonal presentation of ideas, goods, or services.
Term
sales promotion
Definition
refers to promotion activities --other than advertising, publicity, and personal selling--that stimulate interest, trial, or purchase by final customers or others in the channel.
Term
sales managers
Definition
concerned with managing personal selling.  responsible for building good distribution channels and implementing place policies.
Term
advertising managers
Definition
manage thier company's mass selling effort--in television, newspapers, magazines and other media. their job is choosing the right media and developing the ads
Term
public relations
Definition
communication with noncustomers, including labor, public interest groups, stockholders, and the government
Term
sales promotion managers
Definition
manage their company's sales promotion efforts. sometimes has independent status and reports directly to the marketing manager.
Term
integrated marketing communications
Definition
the intentional coordination of every communication from a firm to a target customer to convey a consistent and complete message.  effective blending of all the firm's promotion efforts should produce this ___.
Term
AIDA model
Definition
consists of four promotion jobs 1. get attention, 2. to hold interest, 3. to arouse desire, 4. to obtain action.
Term
communication process
Definition
which means a source trying to reach a receiver with a message.
Term
source
Definition
sender of a message
Term
receiver
Definition
potential customer
Term
noise
Definition
any distraction that reduces the effectiveness of the communcation process.
Term
encoding
Definition
the source deciding what it wants to say and translating it into words or symbols that will have the same meaning to the receiver
Term
decoding
Definition
the receiver translating the message
Term
message channel
Definition
the carrier of the message. salesperson with voice, advertising with media.
Term
pushing
Definition
(a product through a channel) means using normal promotion effort--personal selling, advertising, and sales promotion---to help sell the whole marketing mix to possible channel members
Term
pulling
Definition
means getting customers to ask intermediaries for the product
Term
adoption curve
Definition
shows when different groups accept ideas. emphasizes the relations among groups and shows that individuals in some groups act as leaders in accepting a new idea.
Term
innovators
Definition
the the first to adopt. eager and willing to try a new idea and willing to take risks. tend to be young and well educated. search for information online
Term
early adopters
Definition
well respected by their peers and often are opinion leaders. tend to be younger, more mobile, and more creative than later adopters. more likely to deal with salespeople. spreading word of mouth information and advice
Term
early majority
Definition
avoid risk and wait to consider a new idea after many early adopters have tried it--and liked it. a lot of contact with mass media. usually not an opinion leader themselves.
Term
late majority
Definition
are cautious about new ideas. often older and set in thier ways and less likely to follow early adopters. tend to get advice from other late adopters
Term
laggards or nonadopters
Definition
prefer to do things the way they've been done in the past and are very suspicious of new ideas. cling to status quo and often marketers should not bother with this group.
Term
primary demand
Definition
demand for the general product idea--not just for the company's own brand.
Term
selective demand
Definition
demand for a company's own brand
Term
task method
Definition
basing the budget on the job to be done.
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