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Marketing Ch 17 Vocab

AB
promotiondecisions made to attract potential customers (advertising/personal selling/sales promotion/publicity
institutional promotionpromo method, creates favorable image/promotes change/takes stand on issues
direct marketingadvertises to targeted group, not mass audience
advertisingcompany pays to promote ides/goods/services through media
product promotionused to convince consumers to select its products or services
public relations(PR) activitites that help an organization influence a target audience
news releaseannouncement sent by business/organization to news media
publicitypublic relations tactic-brings organization's info to public's attention
promotional mixcombination of strategies/cost effective allocation of resources
push policypromotion method-combines personal selling/advertising/buying discounts to large retailers
pull policydirects promotion towards customers
sales promotionmktng activities-used to stimulate purchasing & sales (not personal selling/advertising/public relations)
trade promotionsdesigned to get support for a product from manufacturers/wholesalers/retailers
consumer promotionssales strategy-encourages cust. to buy product/service
couponscertificates-entitle customers to discounts on services/goods
premiumslow cost items-given to customer at discount or free
incentivesproducts earned/given away thru contests/sweepstakes/rebates
promotional tie-inssales promo arrangements (1 or more retailers) known as cross promo/cross selling plans


Learning Strategies IV Teacher, The Drexel Program
Monsignor Bonner/Archbishop Prendergast High School
Drexel Hill, PA

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