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23 Cards in this Set
- Front
- Back
marketing objectives
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goals to be accomplished by an organization's overall marketing program such as sales, market share, or profitability
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integrated marketing communications objectives
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statements of what various aspects of the integrated marketing communications program will accomplish with respect to factors such as communication tasks, sales, market share, and the like
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carryover effect
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A delayed or lagged effect whereby the impact of advertising on sales can occur during a subsequent time period.
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DAGMAR
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An acronym that stands for defining advertising goals for measured advertising results. An approach to setting advertising goals and objecties developed by Russel Colley
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communications task
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Under the DAGMAR approach to setting advertising goals and objectives, something that can be performed by and attributed to advertising such as awareness, comprehension, conviction and action.
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benchmark measures
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Measures of a target audience's status concerning response hierarchy variables such as awareness, knowledge, image, attitudes, pregerences, intentions, or behavior. These measures are taken at the beginning of an advertising or promotional campaign to determine the degree to which a target audience must be changed or moved by a promotional campaign.
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zero-based communications planning
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An approach to planning the integrated marketing communications program that involves determining what tasks need to be done and what marketing communication functions should be used to accomplish them and to what extent.
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contribution margin
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The difference between the total revenue generated by a product or brand and its total variable costs.
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marginal analysis
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A principle of resource allocation that balances incremental revenues against incremental costs.
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concave-downward function model
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An advertising/sales response function that views the incremental effects of advertising on sales as decreasing.
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S-shaped response curve
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A sales response model that attempts to show sales responses to various levels of advertising and promotional expenditures.
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top-down approaches
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Budgeting approaches in which the budgetary amount is established at the executive level and monies are passed down to the various departments
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affordable method
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A method of determining the budget for advertising and promotion where all other budget areas are covered and remaining monies are available for allocation.
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arbitrary allocation
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A method for determining the budget for advertising and promotion based on arbitrary decisions of executives.
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percentage-of-sales method
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A budget method is which the advertising and/or promotions budget is set based on a percentage of sales of the product.
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clipping service
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A service which clips competitors' advertising from local print media allowing the company to monitor the types of advertising that are running or to estimate their advertising expenditures.
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competitive parity method
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A method of setting the advertising and promotion budget based on matching the absolute level of percentage of sales expenditures of the competition
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ROI budgeting method
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A budgeting method in which advertising and promotions are considered investments, and thus measurements are made in an attempt to determine the returns achieved by these investments.
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objective and task method
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A build up approach to budget setting involving a three step process: 1) determining objectives, 2) determining the strategies and tasks required to attain these objectives and 3) estimating the costs associated with these strategies and tasks.
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buildup approach
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A method of determining the budget for advertising and promotion by determining the specific tasks that have to be performed and estimating the costs of performing them. See objective and task method.
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payout plan
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A budgeting plan that determines the investment value of the advertising and promotion appropriation.
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computer simulation models
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Quantitative based models that are used to determine the relative contribution of advertising expenditures on sales response.
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economies of scale
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A decline in costs with accumulated sales or production. In advertising, economies of scale often occur in media purchases as the relative costso of advertising time and/or space may decline as the size of the media budget increases.
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