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30 Cards in this Set
- Front
- Back
Incentive
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Something put in place to induce action or motivate effort, is the chief element of the promotion, and is used to attract the consumer with a promise of reward.
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Purchase cycle
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The interval of time between acquisition and replacement of the same or a similar product in a routine manner.
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Simplified selling
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Allows the customer direct contact with the merchandise through self service.
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Trial purchase
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Of a new or improved product is the objective many sales promotion techniques.
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Sampling
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A small quantity of a product to a consumer at no charge to coax a trial use.
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In-store sampling
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Samples are distributed in the retail environment.
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On-packaging sampling
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A trial size sample that is placed on a product or within another product.
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Coupons
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Printed forms or vouchers that entitle the bearer to certain benefits, such as cash refund or a gift when redeemed.
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Bounce back coupon
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Food for redemption of the same product.
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Cross-ruff coupon
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Encourages the consumer to buy a different product manufactured by the same producer.
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Instant coupon
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A form placed on teh outside of a package to encourage the consumer to immediately redeem the coupon.
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Premiums
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aka ad specialties are gifts or merchandise offered free or at reduced price as an inducement to buy something else.
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Direct premiums
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Attached or placed inside the promoted item and available immediately to the consumer upon purchase.
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Mail in premiums
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Require the consumer to send in a proof of purchase.
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Self liquidating premiums
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Require the consumer to pay for the cost of the premium.
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Gift-with-purchase
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or purchase with purchase program are incentives used by retailers to create immediate or limited time sales.
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Contests
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Consumers compete for a prize based on skill or ability; winners are determined by judges entries and determining the best match based on predetermined criteria
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Sweepstakes
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Winners are determined solely by chance and a proof of purchase is not required as a condition of entry.
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Refund
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Money given directly to the consumer at the point of purchase.
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Rebate
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A price reduction given upon proof of purchase.
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Bonus packs
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Extra amounts of a product, given in addition to what is expected.
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Price off deals
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Reduce the price of the offered item, offering an immediate incentive to the consumer.
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Reward programs
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and frequent buying clubs reward frequent buyers for their purchases with incentives of money off coupons.
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Deferred billing
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Opportunity for the consumer to postpone or delay payment of a purchase.
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Reseller support aka trade oriented sales promotion
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Directed toward distribution intermediaries, including manufacturers, wholesalers, distributors, and retailers to support the efforts of their resellers.
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Buying allowance
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A price reduction on merchandise from a specific vendor.
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Promotional allowances
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Incentives from manufacturers for performing certain promotional activities to support their brand or product.
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Slotting allowances
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Aka stocking allowances, introductor allowances, or street money. Fees paid to retailers to provide a position or slot to accomodate new product.
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Incentive programs
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Motivational tools generally designed to increase sales productivity of sales associates at the retail level.
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Point of purchase (POP)materials
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Merchandise presentations of products at the point where the sale is made, i.e. checkout line or a jewelry counter.
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