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Marketing Vocabulary
Marketing Vocabulary
82
Marketing
Undergraduate 1
12/12/2007

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Term
Product Line Extension
Definition
adding additional products to an existing product line in order to compete more broadly in the market
Term
brand
Definition
a name, term, symbol, or combination thereof that identifies a seller's products and differentiates them from competitors' products
Term
brand name
Definition
that part of a brand that can be spoken, including letters, words, and numbers
Term
brand mark
Definition
the elements of a brand that cannot be spoken
Term
brand equity
Definition
the value of company and brand names
Term
global brand
Definition
a brand where at least 20 percent of the product is sold outside its home country or region
Term
brand loyalty
Definition
a consistent preference for one brand over all others
Term
generic product
Definition
a no-frills, no-brand-name, low-cost product that is simply identified by its product category
Term
manufacturer's brand
Definition
the brand name of a manufacturer
Term
private brand
Definition
a brand name owned by a wholesaler or retailer
Term
individual branding
Definition
using different brand names for different products
Term
family brand
Definition
marketing several different products under the same brand name
Term
cobranding
Definition
placing two or more brand names on a product or its package
Term
trademark
Definition
the exclusive right to use a brand or part of a brand
Term
service mark
Definition
a trademark for a service
Term
generic product name
Definition
identifies a product by class or type and cannot be trademarked
Term
promotion
Definition
communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence and opinion or elicit a response
Term
promotional strategy
Definition
a plan for optimal use of the elements of promotion: advertising, public relations, personal selling, and sales promotion
Term
competitive advantage
Definition
one or more unique aspects of an organization that cause target consumers to patronize that firm rather than competitors
Term
promotional mix
Definition
the combination of promotional tools-including advertisting, public relations, personal selling, and sales promotion-used to reach the target market and fulfill the organization's overall goals
Term
advertising
Definition
impersonal, one-way mass communication about a product or organization that is paid for by a marketer
Term
public relations
Definition
the marketing function that evaluates public attitudes, identifies areas within the organization the public may be interested in, and executes a program of action to earn public understanding and acceptance
Term
publicity
Definition
public information about a company, product, service, or issue appearing in the mass media as a news item
Term
sales promotion
Definition
marketing activities-other than personal selling, advertising, and public relations-that stimulate consumer buying and dealer effectiveness
Term
personal selling
Definition
a purchase situation involving a personal paid-for communication between two people in an attempt to influence each other
Term
communication
Definition
the process by which we exchange or share meanings through a common set of symbols
Term
interpersonal communication
Definition
direct face-to-face communication between two or more people
Term
mass communication
Definition
the communication of a concept or message to large audiences
Term
sender
Definition
the originator of the message in the communication process
Term
encoding
Definition
the conversion of a sender's ideas and thoughts into a message, usually in the form of words or signs
Term
channel
Definition
a medium of communication-such as a voice, radio, or newspaper-for transmitting a message
Term
noise
Definition
anything that interferes with, distorts, or slows down the transmission of information
Term
receiver
Definition
the person who decodes a message
Term
decoding
Definition
interpretation of the language and symbols sent by the source through a channel
Term
feedback
Definition
the receiver's response to a message
Term
corporate blogs
Definition
blogs that are sponsored by a company or one of its brands and maintained by one or more of the company's employees
Term
noncorporate blogs
Definition
independent blogs that are not associated with the marketing efforts of any particular company or brand
Term
AIDA Concept
Definition
a model that outlines the process for achieving promotional goals in terms of stages of consumer involvement with the message: the acronym stands for attention, interest, desire, and action
Term
push strategy
Definition
a marketing strategy that uses aggressive personal selling and trade advertising to convince a wholesaler or a retailer to carry and sell particular merchandise
Term
pull strategy
Definition
a marketing strategy that stimulates consumer demand to obtain product distribution
Term
integrated marketing communications
Definition
the careful coordination of all promotional messages for a product or a service to assure the consistency of messages at every contact point where a company meets the consumer
Term
consumer sales promotion
Definition
sales promotion activities targeting the ultimate consumer
Term
trade sales promotion
Definition
sales promotion activities targeting a marketing channel member, such as a wholesaler or retailer
Term
coupon
Definition
a certificate that entitles consumers to an immediate price reduction when they buy the product
Term
rebate
Definition
a cash refund given for the purchase of a product during a specific period
Term
premium
Definition
an extra item offered to the consumer, usually in exchange for some proof of purchase of the promoted product
Term
loyalty marketing program
Definition
a promotional program designed to build long-term, mutually beneficial relationships between a company and its key customers
Term
frequent buyer program
Definition
a loyalty program in which loyal consumers are rewarded for making multiple purchases of a particular good or service
Term
sampling
Definition
a promotional program that allows the consumer the opportunity to try a product or service for free
Term
point-of-purchase display
Definition
a promotional display set up at the retailer's location to build traffic, advertise the product, or induce impulsive buying
Term
trade allowance
Definition
a price reduction offered by manufacturers to intermediaries, such as wholesalers and retailers
Term
push money
Definition
money offered to channel intermediaries to encourage them to "push" products-that is, to encourage other members of the channel to sell the products
Term
advertising response function
Definition
a phenomenon in which spending for advertising and sales promotion increases sales or market share up to a certain level but then produces diminishing returns
Term
institutional advertising
Definition
a form of advertising designed to enhance a company's image rather than promote a particular product
Term
product advertising
Definition
a form of advertising that touts the benefits of a specific good or service
Term
advocacy advertising
Definition
a form of advertising in which an organization expresses its views on controversial issues or responds to media attacks
Term
pioneering advertising
Definition
a form of advertising designed to stimulate primary demand for a new product or product category
Term
competitive advertising
Definition
a form of advertising designed to influence demand for a specific brand
Term
comparative advertising
Definition
a form of advertising that compares two or more specifically competing brands on one or more attributes
Term
advertising campaign
Definition
a series of related advertisements focusing on a common theme, slogan, and set of advertising appeals
Term
advertising objective
Definition
a specific communication task that a campaign should accomplish for a specified target audience during a specified period
Term
advertising appeal
Definition
a reason for a person to buy a product
Term
unique selling proposition
Definition
a desirable, exclusive, and believable advertising appeal selected as the theme for a campaign
Term
medium
Definition
the channel used to convey a mesage to a target market
Term
media planning
Definition
the series of decisions advertisers make regarding the selection and use of media, allowing the marketer to optimally and cost-effectively communicate the message to the target
Term
cooperative advertising
Definition
an arrangement in which the manufacturer and the retailer split the costs of advertising the manufacturer's brand
Term
infomercial
Definition
a 30-minutes or longer advertisement that looks more like a TV talk show than a sales pitch
Term
advergaming
Definition
placing advertising messages in Web-based or video games to advertise or promote a product, service, organization, or issue
Term
media mix
Definition
the combination of media to be used for a promotional campaign
Term
cost per contact
Definition
the cost of reaching one member of the target market
Term
reach
Definition
the number of target consumers exposed to a commercial at least once during a specific period, usually four weeks
Term
frequency
Definition
the number of times an individual is exposed to a given message during a specific period
Term
audience selectivity
Definition
the ability of an advertising medium to reach a precisely defined market
Term
media schedule
Definition
designation of the media, the specific publications or programs, and the insertion dates of advertising
Term
continuous media schedule
Definition
a media scheduling strategy in which advertising is run steadily throughout the advertising period; used for products in the latter stages of the product life cycle
Term
flighted media schedule
Definition
a media scheduling strategy in which ads are run heavily every other month or every two weeks, to achieve a greater impact with an increased frequency and reach at those times
Term
pulsing media schedule
Definition
a media schedule that uses continuous scheduling throughout the year coupled with a flighted schedule during the best sales periods
Term
seasonal media schedule
Definition
a media scheduling strategy that runs advertising only during times of the year when the product is most likely to be used
Term
product placement
Definition
a public relations strategy that involves getting a product, service, or company name to appear in a movie, television show, radio program, magazine, newspaper, video game, video or audio clip, book or commercial for another product; on the internet; or at special events
Term
sponsorship
Definition
a public relations strategy in which a company spends money to support an issue, cause or event that is consistent with corporate objectives, such as improving brand awareness or enhancing corporate image
Term
cause-related marketing
Definition
a type of sponsorship involving the association of a for-profit company and a nonprofit organization; through the sponsorship, the company's product or service is promoted, and money is raised for the nonprofit
Term
crisis management
Definition
a coordinated effort to handle all the effects of unfavorable publicity or of another unexpected unfavorable event
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