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Sports Marketing Chapter 11 vocabulary review

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BrandRecognitionrefers to the number of people who recognize the brand name of the product.
TagLineThe theme of an ad.
AdvertisingPaid non-personal communication between an identified sponsor and a potential customer about a product or service.
MediaThe vehicles used to convey the advertising message.
MediaStrategyChoosing the media that will bring the most effectice advertising message tot he targeted consumer.
ReachThe targeted demographic segments that are most likely to be reached.
CopyThe creative talent in the advertising frim or department writes this.
WearoutThis occurs when an ad loses its effectiveness due to overexposure or poor message quality.
FrequencyNumber of times the targeted customer is exposed to the media.
ConcentrationStrategyBuying space in or time on a single medium.
DominanceStrategyWhen a firm buys the maximum reach and frequency in one medium and purchases additional space in or time on other media.
ResponseRateRefers to the number of customers who connect with and act in relation to the ad.
massmarketMarketing to broad categories of people.
dataminingDigging up data to help understand customers.
samplea small number of the total market.
MarketingResearchThe process of determining what customers want.
MissionStatementThe identification of the nature of the business or the reasons the business exists.
ProfitThe amount of money remaining after all costs.
PersonalSeatLicenseA fixed fee to obtain the right to buy season tickets.
BudgetBegins the process by providing estimates of expected expenditures and revenues.
QualitativemarketingresearchResearch generally used for exploratory purposes
QuantitativemarketingresearchResearch generally used to draw conclusions - tests a specific hypothesis
reliabilityrefers to the likelihood you would yield the same results if re-measured
validityrefers to the extent to which a measure provides data that captures the data you were trying to define in the study
suggingor selling under the guise of market research
fruggingcomprises the practice of soliciting funds under the pretense of being a research organization


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