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Promotional Concepts
Chapter 17.1 The Promotional Mix
15
Marketing
12th Grade
02/08/2016

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Term
Promotion
Definition
Is one of the four Ps of marketing mix (Product, Place, Price, & Promotion)
Term
Product Promotion
Definition
Is a promotional method used by businesses to convince prospects to select their goods or services instead of competitor's brand.
Term
Institutional Promotion
Definition
Is a promotional method used to create a favorable image for a business, help it advocate for change, or take a stand on trade or community issues.
Term
Promotional Mix
Definition
Is the cost-effective combination of personal selling, advertising, direct marketing, sales promotion, and public relations strategies used to reach company goals.
Term
Advertising
Definition
Is a form of non personal promotion in which companies pay to promote ideas, goods, or services.
Term
Direct Marketing
Definition
Is a type of promotion that companies use to address individuals directly and not through a third party medium (such as television, radio, or the internet).
Term
Social Media
Definition
Is electronic media that allows people with similar interest to participate in a social network.
Term
Sales Promotion
Definition
Represents all marketing activities-other than personal selling, advertising, and public relations-that are directed at business or retail customers to boost sales.
Term
Public Relations (PR)
Definition
Activities help an organization to influence a target audience.
Term
News Release
Definition
Is an announcement sent to that appropriate media outlets.
Term
Publicity
Definition
Involves bringing news or newsworthy information about an organization to the public's attention.
Term
Push Policy
Definition
is used with partners in the distribution channel.
Term
Pull Policy
Definition
Directs promotional activities toward customers.
Term
Via
Definition
One traditional form of direct marketing is direct mail, which is sent via standard mail to a home or business.
Term
Target
Definition
A business establishes a promotional mix by following a process that begins with identifying that target market.
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