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