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Chapter 12 Vocabulary (Entrepreneurship & Small Business Management)

AB
AdvertisingPaid presentation of ideas, goods, or services directed toward a mass audience by an identified sponsor.
CampaignA series of related promotional activities with a similar theme.
Consumer PretestsProcedure in which a panel of consumers evaluates an ad before it runs.
Cooperative AdvertisingAn arrangement whereby the suppliers or manufacturers of goods that a business sells agree to share that business’s advertising costs.
ImageBeliefs, ideas, and impressions that people have about a business.
Industry AverageThe standard used to compare costs.
News ReleaseBrief, newsworthy stories that are sent to the media.
PremiumsSomething of value that a customer receives in addition to the good or service purchased. Also, a fee required to transfer risk to an insurance company.
PresellingInfluencing potential customers to buy before contact is actually made.
Promotional MixThe combination of promotional media used to reach a target market within the promotional budget.
Public RelationsActivities designed to create goodwill toward a business.
PublicityThe placement of newsworthy items about a company or product in the media.
RebatesReturn part of the purchase price as an incentive for customers to purchase a product.
Specialty ItemsGiveaways such as pens and T-shirts that have a business name or logo.
SweepstakesGames used by businesses to get customers thinking and talking about what the company has to offer.
Advertising AgenciesCompanies that can handle all phases of advertising.


Career Management Teacher
South Robeson High School
Rowland, NC

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