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76 Cards in this Set
- Front
- Back
Promotion
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Communicating information between seller and potential buyer or others in the channel to influence attitudes and behavior.
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personal selling
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Direct spoken communication between sellers and potential customers, usually in person but sometimes over the telephone or even via a video conference over the internet.
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mass selling
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communicating with large numbers of potential customers at the sames time
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advertising
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Any paid form of non personal presentation of ideas, goods, or services by an identifies sponsor.
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publicity
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Any unpaid form of non-personal presentation of ideas, goods, or services.
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sales promotion
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Those promotion activities-other than advertising, publicity, and personal selling-that stimulate interest, trial, or purchase by final customers or others in the channel.
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sales managers
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Managers concerned with managing personal selling.
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public relations
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Communication with non customers- including labor, public interest groups, stockholders, and the government.
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sales promotion managers
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Managers of their company's sales promotion effort.
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integrated marketing communications
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The intentional coordination of every communication from a firm to target customer to convey a consistent and complete message.
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AIDA Model
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Consists of four promotion jobs: 1) to get attention 2)to hold interest 3) to arouse desire 4) to obtain action
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Communication process
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A source trying to reach a receiver with a message.
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source
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The sender of a message.
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receiver
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The target of a message in the communication process, usually a potential customer.
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noise
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Any distraction what reduces the effectiveness of the communication process.
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encoding
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The source in the communication process deciding what it wants to say and translating it into words or symbols that will have the same meaning to the receiver.
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decoding
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The receiver in the communication process translating the message.
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message channel
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The carrier of the message.
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pushing
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Using normal promotion effort-personal selling, advertising, and sales promotion-to help sell the whole marketing mix to possible channel members.
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pulling
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Using promotion to get consumer to ask middlemen for the product.
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Adoption Curve
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Shows when different groups accept ideas.
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innovators
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The development and spread of new ideas, goods, and services.
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early majority
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A group in the adoption curve that avoids risk and waits to consider a new idea until many early adopters try it and like it.
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late majority
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A group of adopters who are cautious about new ideas.
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laggards
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Prefer to do things the way they have been done in the past and are very suspicious of new ideas; sometimes called non adopters.
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non adopters
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Prefer to do things the way they have been done in the past and are very suspicious of new ideas; sometimes called laggards.
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primary demand
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Demand for the general product idea, not just the company's own brand.
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selective demand
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Demand for a company's own brand rather than a product category.
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task method
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An approach to developing a budget-basing the budget on the job to be done.
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basic sales tasks
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Order getting, order taking, and supporting.
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Order getters
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Salespeople concerned with establishing relationships with new customers and developing new business.
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order-getting
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Seeking possible buyers with a well-organized sales presentation designed to sell a good, service, or idea.
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order takers
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Salespeople who sell to regular or established customers, complete most sales transactions, and maintain relationships with their customers.
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order-taking
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The routine completion of sales made regularly to target customers.
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supporting salespeople
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Salespeople who help the order-oriented salespeople but don't try to get orders themselves.
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missionary salespeople
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Supporting salespeople who work for producers by calling on their middlemen and their customers.
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technical specialists
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Supporting salespeople who provide technical assistance to order-oriented salespeople.
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customer service reps
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Supporting salespeople who work with customers to resolve problems that arise with a purchase, usually after the purchase has been made.
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team selling
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Different sales reps working together on a specific account.
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major accounts sales staff
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Salespeople who sell directly to large accounts such as major retail chain stores.
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telemarketing
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Using the telephone tot call on customers or prospects.
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sales territory
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A geographic area that is the responsibility of one salesperson or several working together.
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job description
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A written statement of what a salesperson is expected to do.
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sales quota
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The specific sales or profit objective a salesperson is expected to achieve.
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prospecting
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Following all the leads in the target market to identify potential customers.
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sales presentation
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A salesperson's effort to make a sale or address a customer's problem.
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close
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The salesperson's request for an order.
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consultative selling approach
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A type of sales presentation in which the salesperson develops a good understanding of the individual customer's needs before trying to close the sale.
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selling formula approach
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A sales presentation that starts with a prepared presentation outline-much like the prepared approach-and leads the customer through some logical steps to a final close.
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Product advertising
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Advertising that tries to sell a specific product.
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institutional adverting
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Advertising that tries to promote an organization's image, reputation, or ideas rather than a specific product.
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pioneering advertising
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Advertising that tries to develop primary demand for a product category rather than demand for a specific brand.
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competitive advertising
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Advertising that tries to develop selective demand for a specific brand rather than a product category.
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direct type advertising
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Competitive advertising that aims for immediate buying action.
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indirect type advertising
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Competitive advertising that points out product advantages--to affect future buying decisions.
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comparative advertising
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Advertising that makes specific brand comparisons using actual product names.
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reminder advertising
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Advertising to keep the product's name before the public.
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advertising allowances
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Price reductions to firms in the channel to encourage them to advertise or otherwise promote the firm's products locally.
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cooperative advertising
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Middlemen and producers sharing in the cost of ads.
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copy thrust
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What the words and illustrations of an ad should communicate.
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advertising agencies
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Specialists in planning and handling mass-selling details for advertisers.
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corrective advertising
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Ads to correct deceptive advertising.
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control
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The feedback process that helps the marking manager learn 1) how ongoing plans and implementation are working and 2) how to plan for the future.
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total quality management(TQM)
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A management approach in which everyone in the organization is concerned about quality, throughout all of the firm's activities, to better serve customer needs.
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continuous improvement
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A commitment to constantly make things better one stop at a time.
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Pareto chart
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A graph that shows the number of times a problem cause occurs, with problem causes ordered from most frequent to least frequent.
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fishbone diagram
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A visual aid that helps organize cause and effect relationships for "things gone wrong"
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empowerment
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Giving employees the authority to correct a problem without first checking with management.
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benchmarking
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Picking a basis of comparison for evaluating how well a job is being done.
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sales analysis
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A detailed breakdown of a company's sales records.
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performance analysis
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Analysis that looks for exceptions or variations from planned performance.
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performance index
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A number that shows the relation of one value to another.
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iceberg principle
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Much good information is hidden in summary data.
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full-cost approach
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All costs are allocated to products, customers, or other categories.
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contribution-margin approach
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A cost analysis approach in which all costs are not allocated in all situations.
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marketing audit
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A systematic, critical, and unbiased review and appraisal of the basic objectives and policies of the marketing function and of the organization, methods, procedures, and people employed to implement the policies.
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