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Marketing Ch 17 Review

AB
promotionany form of communication a business uses to inform, persuade, or remind people about its products
promotional mixcombination of different types of promotion
product promotionbusiness explains major features of products and convinces customer to buy from them
institutional promotionused by business to create favorable image for itself
personal sellingrequires individuals to make contact with potential buyers, most expensive form
advertisingany paid form of non-personal presentation and promotion of ideas, goods or services by a sponsor
sales promotionall marketing activities excluding personal selling, advertising, and public relations
public relationsany activity designed to create a favorable image toward a business, its products
publicitypositive or neg. information about product or company on tv or newspaper,free
imagethe way a business is defined in people's minds
push policywhere company offers store a deal to display their new product, give good incentives
pull policywhere consumers' demand can pull or encourage retailer to carry product, ask manager to stock
sales promotionshort term incentive offered to encourage buying a good or service
slotting allowancecash premium paid by manufacturer to retail chain for costs involved in stocking new product
sales incentiveawards given to managers and employees who successfully meet or exceed a sales quota
premiumslow cost items given to consumers at a discount or for free
couponscertificates entitling customer to cash discount on purchase of product
factory packsfree gifts inside package, Cracker Jacks
traffic builderslow cost premiums like keychains given away free to consumers, keep name in mind
sponsorshippromotion of a company in association with another, Panthers and Bank of America
title sponsorsponsor pays to have its name incorporated into name of sponsored property, Levine Museum
incentiveshigher priced products earned and given through contests sweepstakes and rebates
contestsgames or activities that require participant to demonstrate a skill
product samplea free trial size of a product sent through the mail, for example
promotional tie-inwhere two different companies combine forces, McDonalds selling AVATAR movie items
product placementwhere company develops product recognition by featuring it in special events, tv or movies, actor drinks Coke in movie
visual merchandisingcoordination of all physical elements in a place of business projecting right image to customers
displaysvisual/artistic presentation of products to target customers
loyalty marketing programfrequent buyer program
customer advisory boardpanel of customers who make suggestions about products
consumer affairs specialistsdesign programs to reflect customer nees for info such as product safety and nutrition
community relationsactivities that a business uses to maintain respect of community
news releaseprewritten story about a company that is sent to various media
press releasefolder containing articles, new releases, etc about company product or person
press conferencemeeting where business invites news media to hear announcement about newsworthy event/product


Business Education
Fort Mill Academy

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