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Essentials of Business Communication10th EditionDana Loewy, Mary Ellen Guffey 631 solutions Terms in this set (66)The six elements required for communication to occur are: (1) a source, which is a company or person who has information to convey; (2) a message, which is the information sent; (3) a channel of communication, which is how the information is conveyed; (4) a receiver, which is the consumer who reads, hears, or sees the message; and the processes of (5) encoding, in which the sender transforms the idea into a set of symbols; and (6) decoding, in which the receiver takes the symbols, or the message, and transforms it back into an idea. Some agencies have adopted: (1) a total communications solutions approach; (2) an integrated perspective that includes all forms of promotion; (3) an IMC audit to analyze the internal communication network of the company to identify key audiences, evaluate customer databases, assess messages contained in recent advertising, press releases, packaging, websites, social media, direct marketing, etc., and determine the IMC expertise of company and agency personnel; and (4) strategies to monitor consumer content, respond to inconsistent messages, and answer questions from individual customers. Students also viewedRecommended textbook solutions
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Essentials of Medical Language4th EditionDavid M Allan, Rachel Basco 404 solutions Advertising is any PAID FORM OF NONPERSONAL COMMUNICATION (TV, Print, Radio) about an organization, product, service, or idea by an identified sponsor. The paid aspect of this definition is important because the space for the advertising message normally must be bought. An occasional exception is the public service announcement, where the advertising time or space is donated. A full-page, four-color ad in Time magazine, for example, costs
$339,400. The nonpersonal component of advertising is also important. Advertising involves mass media (such as TV, radio, and magazines), which are nonpersonal and do not have an immediate feedback loop as does personal selling. So before the message is sent, marketing research plays a valuable role; for example, it determines that the target market will actually see the medium chosen and that the message will be understood. Two-way (generally face-to-face) flow of communication between buyer and seller. personal selling, which is the two-way flow of communication between a buyer and seller designed to influence a person's or group's purchase decision. Unlike advertising, personal selling is usually face-to-face communication between the sender and receiver. Why do companies use personal selling? Indirect form of payment for publicity (News Story, Editorial, Product Announcement) Short term inducement of value used to get a
quick burst of sales (Coupons, sweepstakes, contests) Coupons, rebates, samples, contests, and sweepstakes such as the M&M's promotion are just a few examples of sales promotions discussed later in this chapter. Direct Communication with consumers to generate a response (Catalogs, Direct Mail, Online Marketing) direct marketing, uses direct communication with consumers to generate a response in the form of an order, a request for further information, or a visit to a retail outlet. The communication can take many forms, including face-to-face selling, direct mail, catalogs, telephone solicitations, direct response advertising (on television and radio and in print), and online marketing.13 Like personal selling, direct marketing often consists of interactive communication. It also has the advantage of being customized to match the needs of specific target markets. Messages can be developed and adapted quickly to facilitate one-to-one relationships with customers. PUSH: push strategy, directing the promotional mix to channel members to gain their cooperation in ordering and stocking the product. In this approach, personal
selling and sales promotions play major roles. Salespeople call on wholesalers to encourage orders and provide sales assistance. Sales promotions, such as case discount allowances (20 percent off the regular case price), are offered to stimulate demand. By PUSHING THE PRODUCT through the channel, the goal is to get channel members to push it to their customers. PULL: In some instances, manufacturers face resistance from channel members who do not want to order a new product or increase inventory levels of an existing brand. As shown in Figure 17-5B, a manufacturer may then elect to implement a pull strategy by directing its promotional mix at ultimate consumers to encourage them to ask the retailer for a product. Seeing demand from ultimate consumers, retailers order the product from wholesalers and thus the item is pulled through the intermediaries. Pharmaceutical companies, for example, now spend more than $3.4 billion annually on direct-to-consumer prescription drug advertising, to complement traditional personal selling and free samples directed only at doctors.21 The strategy is designed to encourage consumers to ask their doctor for a specific drug by name—pulling it through the channel. Successful campaigns such as the print ad which says, "Ask your doctor if Zetia is right for you," can have dramatic effects on the sales of a product. What a product is, what it can do, and where it's found a type of institutional ad that: Pioneering institutional advertisements, like the pioneering ads for products discussed earlier, are used for announcements about what a company is, what it can do, or where it is located. Recent Bayer ads stating, "We cure more headaches than you think," are intended to inform consumers that the company produces many products in addition to aspirin. Bridgestone uses pioneering institutional ads in its "One Team. One Planet" campaign to inform people about its rubber tree farms, tire recycling, and environmentally friendly factories. ADVATAGES: low cost, local market focus, high visibility, opportunity for repeat exposure billboards, often results in good reach and frequency and has been shown to increase purchase rates.40 The visibility of this medium is good supplemental reinforcement for well-known products, and it is a relatively low-cost, flexible alternative. Also, a company can buy space in a specific, targeted geographical market. A disadvantage to billboards, however, is that no opportunity exists for lengthy advertising copy. Also, a good billboard site depends on traffic patterns and sight lines. Full-service agency: Does research, selects media, develops copy, and produces artwork; also coordinates integrated campaigns with all marketing efforts The responsibility for actually carrying out the advertising program can be handled in one of three ways, as shown in Figure 18-5. The full-service agency provides the most complete range of services, including market research, media selection, copy development, artwork, and production. In the past, agencies that assisted a client by both developing and placing advertisements often charged a commission of 15 percent of the media costs. As corporations introduced integrated marketing communication approaches, however, many advertisers switched from paying commissions to incentive plans based on performance. These plans typically pay for agency costs and a 5 to 10 percent profit, plus bonuses if specific performance goals related to brand preference, lead generation, sales, and market share are met. The Association of National Advertisers estimates that 46 percent of all agency clients currently use this approach. ==> Build goodwill, ADVANTAGES: consumers like free or reduced-price merchandise, A promotional tool often used with consumers is the premium, which consists of merchandise offered free or at a significant savings over its retail price. This latter type of premium is called self-liquidating because the cost charged to the consumer covers the cost of the item. McDonald's, for example, used a free premium in a promotional partnership with 20th Century Fox during the release of the movie Epic. Collectible toys that portrayed movie characters were given away free with the purchase of a Happy Meal. What are the most popular premiums? According to the Promotional Products Association International, the top premiums are apparel, writing instruments, shopping bags, cups and mugs, and desk accessories. By offering a premium, companies encourage customers to return frequently or to use more of the product. Research suggests that deal-prone consumers and value seekers are attracted to premiums.57 What is the difference between advertising and personal selling?Advertising is a means of communication, which calls customer's attention towards the product or service, through mass media. Personal selling refers to a form of promotion, wherein the sales representative sells the product to customers, by directly visiting them.
Which of the following is a difference between sales promotion and personal selling quizlet?Which of the following is a difference between sales promotion and personal selling? a. Sales promotion refers to the marketing activities designed to stimulate immediate sales activity through specific short-term programs, while personal selling is the person-to-person presentation of products to potential buyers.
What is the main difference between advertisements and sales promotion?Sales promotion is the direct approach to the customers to encourage them to buy your products or services while advertising is an indirect approach towards encouraging them to buy your products or services.
Which includes advertising sales and personal selling?The Marketing Communications Mix is the specific mix of advertising, personal selling, sales promotion, public relations, and direct marketing a company uses to pursue its advertising and marketing objectives.
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