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SEMI - Obj 5 Terms Review

AB
PromotionAny form of communication a business or organization uses to encourage customers to purchase products and improve its public image
Stadium event promotionsDesigned to facilitate fan participation and create a cheerful atmosphere at sports and entertainment events.
Institutional promotionDesigned to create a positive image, establish and maintain goodwill, and increase consumer loyalty for the business, organization, or celebrity.
Product PromotionDesigned to stimulate sales of a business, organization, or celebrity’s good or service. Also used to launch new products.
Promotional MixAny combination of the different forms of promotion to sell goods and services.
AdvertisingAny paid non-personal form of communication by an identified sponsor.
Sales PromotionsActivities or communications that encourage consumers to purchase products.
Personal SellingFace-to-face, personalized communication between a seller and a buyer.
Public or community relatonsActivities used by a business or organization to gain and maintain a positive relationship between themselves and the community.
SponsorshipThe financing of a sports or entertainment entity (athlete, league, team, concert, or event) by a business in return for recognition or affiliation.
Print mediaAny written form of communication used to inform, persuade, or remind consumers about products or services offered.
NewspapersThe most common and the most cost effective type of print media.
MagazinesLikely to be used by advertisers to segment the market based on demographic and behavioral segmentation.
Direct MailSent directly to customers, or potential customers of a particular store.
Outdoor AdvertisingIncludes any outdoor signs and billboards and provides 24-hour advertising.
Transit advertisingUses public transportation, such as buses, taxicabs, and subways to post advertising messages.
Broadcast mediaAny visual and/or auditory form of communication used to inform, persuade, or remind consumers about goods or services offered.
Radio AdvertisingHas the ability to reach a wide audience and advertisers can match their target market to a station that segments a particular market.
TelevisionIncludes commercials and infomercials and is the most effective type of broadcast media as well as the most expensive.
Online MediaThe placement of advertising messages on the Internet and World Wide Web.
Banners advertisementsRectangular boxes at the top or bottom of Web sites that are used to promote a Web site or business.
Pop-up advertisementsThe advertisements that “pop-up” and interrupt Internet surfing.
E-mail advertisementsUsed to tailor messages to fit individual web surfers.
Specialty media“Everyday” items with a company name written on them such as calendars, pens, and coffee mugs.
Trade showsPromotional opportunities for manufacturers, wholesalers, retailers, and movie producers to learn about and support new products in the industry.
IncentivesUsed to generate awareness, interest, and increase sales. The different forms include contests, sweepstakes and rebates
ContestsPrizes are awarded based on contestant skill and or ability.
SweepstakesPrizes are awarded based on the chance or luck of the contestant.
RebatesDiscounts offered by a manufacturer if the consumer purchases a sports or entertainment good or service during a specified time period.
PremiumsLow cost items given away with the sponsor’s product as part of a sales promotion.
CouponsOffer reductions in price and are found in print advertisements, inserted inside product packaging, incorporated as part of the products package, or mailed to consumers.
Traffic-buildersLow cost items given to customers for attending an event, or visiting a store.
samplingRefers to giving consumers a “taste” for a sporting event or concert.
Push strategiesUsed by a manufacturer to convince retailers to carry and promote products in their retail establishments. This strategy relies heavily on personal selling and sales promotion.
Pull strategiesDirected towards customers to increase their interest and demand for products. Customers will convince retailers to carry sports or entertainment products. This strategy relies heavily on advertising.
Percentage of expeceted sales budgetBased on a percentage of past or expected sales to determine amount of promotional budget.
Objective and task methodThe sport or entertainment company determines promotional goals, the steps needed to meet the goals, and calculates the cost for the promotional activities.
Competitive equivalence budgetMatching the competitors’ promotional outlay.
"Whimsical" allocationAll money that can be spent after expenses is allocated as the promotional budget. This is a short-term method used to increase sales by building a reputation.
SponsorCan be a business, person, or organization that finances a sports or entertainment entity.
Barter sponsorshipA form of sponsorship whereby the company does not finance a sports or entertainment entity with money only. A company will provide products, equipment, or services in return for their affiliation with the sports or entertainment entity.
EndorsementsPersonal recommendation regarding the use or quality of a good or service.
Naming rightsContractual agreements between a sponsor and a venue or event.
Personal services agreementsContracts between a company and a sports figure or entertainer for the endorsement of a product or service.
World Wide WebA collection of internet sites that are available to users with an internet connection.
E-CommerceThe electronic exchange of products or services.
Product Information web siteIncludes descriptions of products offered for sale, product payment information, return and warranty policies, and other general information about the business.
Customer interactin web siteProvides customers with the opportunity to place product orders, pay for them, and attain shipping costs and dates.


Edwards Middle School
NC

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