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38 Cards in this Set

  • Front
  • Back
What happened in America that caused advertising to begin and grow?
Economic boom and Baby Boom in 1950s and 1960s
What is Marketing?
Marketing is an organizational function for creating, communicating and delivering value to customers and for managing customer relationships.
What is a customer's perception of all the benefits of a product versus the cost?
Value
What is creating a long term relationships with individual customers?
Relationship marketing
What is it called when a company can make a product in response to a particular customer's needs in a cost effective way?
Mass customization
What is "a program that involves systematic tracking of customer's preferences and behaviors?"
Customer Relationship Management CRM
Product, price, place, and promotion are the four what?
P's of advertising
What is the "coordination of all efforts to sell goods and services?"
Promotions
"Advertising, Direct Marketing, Interactive Marketing, Sales Promotion, Public Relations, and Personal Selling" are all part of what?
The Promotional Mix
What does "IMC" stand for?
Integrated Marketing Communication
What is the "combination of tools companies use to promote and make sales?"
Promotional Mix
What is IMC’s role in branding?
It helps develop and sustain brand identity and equity
What does Integrated Marketing Communication involve?
Coordinating the various promotional elements and marketing activities that communicate with a firm’s customers.
T/F -- Integrated Marketing Communication is recognized as a business process
True
T/F -- Integrated Marketing Communication has multiple relevant audiences
True
T/F Intergrated Marketing Communications -- Has a demand for accountability including an increased emphasis on the outcomes of marketing communication programs.
True
What is a combination of Name, logo, symbols, design, packaging, product or service performance, and image associations in the consumer’s mind.
Brand Identity
What is the central organizing concept of modern advertising and marketing?
The Brand
T/F -- The P&G burned moon symbol on crates of soap is often cited as the first commercial brand
True
Originally brands came from the general areas of what?
Family names
Locations
Patriotic Symbols
Brand equity can be increased by?
Increasing sales,
Increasing market share and profit,
Product improvements/innovations,
Adding “meaning” to the brand
What are the three main systems that corporations use to organize the marketing of a brand?
Single Brand System, Brand Management System, and Super Brand
Definition:
any paid form of non personal communication about an organization, product, service, or idea by an identified sponsor
Advertising
Definition:
communication directly with target customers to generate a response and/or transaction
Direct marketing
Definition:
communication through interactive media such as the Internet, CD-ROMS and kiosks.
Interactive/Internet marketing
Definition:
marketing activities that provide extra value or incentives to sales force, distributors, or consumers to stimulate immediate sales
Sales promotion
Definition:
form of non-personal communication not directly paid for or run under identified sponsorship.
Publicity
Definition:
a management function which executes programs of action to earn public understanding and acceptance and enhance the image of the company.
Public relations
Definition:
person-to-person communication between a seller and buyer
Personal Selling
Definition:
done by large companies on a nationwide basis. Ads for well-known brands and companies shown on television are an example.
National advertising –
Definition:

done by retail and local merchants encouraging consumers to shop at a specific store, use a l ocal service, or patronize a particular establishment.
Retail/Local advertising
Definition:
advertising that is designed to stimulate demand for the general product class or industry.
primary demand advertising
definition:
Advertising that focuses on creating demand for a specific company and/or its brands.
Selective-demand Advertising
Definition:
advertising that targets individuals who buy or influence the purchase of industrial goods or services for their companies.
Business to business advertising
Definition:
advertising targeted to professionals such doctors, lawyers, engineers, and the like.
Professional advertising –
Definition:
targeted to marketing channel members such as wholesalers, distributors, and retailers.
Trade advertising
What is a form of integrated marketing communications whereby an organization communicates directly with target customers to generate a response and/or transaction?
Direct marketing
Name types of direct marketing.
Direct mail
Direct response advertising (on TV, radio or in magazines or newspapers)
Telemarketing
Internet Sales
Catalogs
Shopping channel