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18 Cards in this Set
- Front
- Back
What are the forms of Outdoor Advertising?
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1) Poster (AKA Billboard)
2) Electronic signs 3) Street-level (Mall posters, wall banners) 4) Transit (Interior/Exterior) |
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Advantages of Outdoor Advertising include....
(Note: I put all of the ones from the PowerPoint here, but I highly doubt she'll quiz us on all of them) |
Target reach and frequency
Geographic flexibility Size/quality of message Compatibility with other media Creating product awareness Cost (CPM) Continuous exposure Reach and frequency Flexibility Market coverage |
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Disadvantages of Outdoor Advertising include....
(Note: I put all of the ones from the PowerPoint here, but I highly doubt she'll quiz us on all of them) |
Creative limitations
Lack of target market selectivity Lack of prestige Unobtrusive medium Lack of target market selectivity Media environment Creative limitation |
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What are the forms of Direct Response Advertising?
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1) Television (AKA Infomercials)
2) Telemarketing 3) Direct Response Mail |
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Describe the two forms of Direct Mail lists...
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1) Internal (created from people who already subscribe to the product's mailing list)
2) External -Circulation, Response or Compiled |
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Advantages of Direct Mail include....
(Note: I put all of the ones from the PowerPoint here, but I highly doubt she'll quiz us on all of them) |
High reach
Geographic flexibility Creative flexibility Advertiser control Exclusivity Measurability |
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Disadvantages of Direct Mail include....
(Note: I put all of the ones from the PowerPoint here, but I highly doubt she'll quiz us on all of them) |
High cost per exposure
Absence of editorial support Image & life span Potential delivery delays |
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What are the 4 steps to the Communication process?
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Awareness, Comprehension, Conviction, Action (ACCA)
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What are the levels of Maslow's Hierachy?
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(lowest to highest) Basic needs, Security needs, Social needs, Esteem needs, Self-Actualization needs
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What are the 4 selves in the theory of self-concept?
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1) Real self - You as you really are
2) Self-image - How you see yourself 3) Mirror self - How you think others see you 4) Ideal self - How you would like to be |
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What is a Target Market?
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A specific group of individuals at whom your message is directed.
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How do you do Target Marketing?
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1) identify the target market
2) Select the segments that offer the most potential 3) Position the product so that it appeals to the desired target audience |
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Describe Branding and Positioning...
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Branding - The place the product occupies in the mind of the consumer
Positioning - Matching the product with the needs of the target market |
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What are the types of positioning?
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1) Head-on - One brand is presented as equal/better than it's competition
2) Brand dominance - The market leader designs messages that state it is the preferred product of the consumers 3) Product Differentiation - Focusing on the unique aspects of the product 4) Technical innovation - More for the company as a whole, showing how it is on the "leading edge of technology" 5) Lifestyle - The product is deisned the match the lifestyle of the user |
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Describe repositioning?
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Changing the place the product occupies in the mind of the consumer, usually done when the direct competitior repositions, or the target market's preferences change
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Geographic Segmentation is...
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The division of an expansive geographic market into smaller units (ex. Canada into BC, Prairies, Ontario...etc)
This can further be divided into urban, suburban and rural households |
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Demographic segmentation is...
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Age, gender, income, occupation, culture, etc.
The 3 variables of Income, Occupation and Education maintain a close relationship |
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Psychographic segmentation is...
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Examining an individual in terms of Activites, Interests and Opinions.
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