Core Concepts of Marketing

(Marcin) #1
DISCUSSIONQUESTIONS 223

Creativetactics Specificmeansofimplementingstrategy.

Salespromotion Temporaryspecialoffersintendedtoprovidea directstimulustoproducea
desiredresponsebycustomers.

PricedealsShort-termreductionsinthepriceofa producttostimul atedemandthathasfallenoff.
Couponoffers,certificatesfora specifiedamountoffa product.
Combinationoffers Linktwoproductstogetherfora pricelowerthantheproductspurchased
separately.

Contest A promotionthatinvolvesthe awardofa prizeonthebasisofchanceormerit.
Rebates A refundofa fixedamountofmoneyfora certainamountoftime.
Premiumoffers Atangiblerewardre ceivedforperforminga particularact, usuallypurchasinga
product.
Consumersampling Gettingthephysicalproductintothehandsoftheconsumer.
Pushmoney Amonetarybonuspaidbya manufacturertoa retailsalespersonforeveryunitofa
productsold.
Dealerloader A premiumthatisgiventoa retailerbya manufacturerforbuying a certain
amountofa product.
Tradedeals Strategiesintendedtoencouragemiddlementogivea manufacturer'sproductspe-
cialpromotionaleffortsthatit wouldnormallynotreceive.
Publicrelations Publicrelationspracticeistheartandsocialscienceofanalyzingtrends, pre-
dictingtheirconsequences,counselingorganizationleaders,andimplementingplannedprograms
ofactionthatserveboththeorganization'sandthepublicinterest.
Internalpublics Peopleconnectedwithanorganizationwithwhomtheorganizationnormally
communicatesintheordinaryroutineofwork.
Externalpublics Peoplenotnecessarilycloselyconnectedwithanorganization.
Campaign Plannedseriesofpromotionaleffortsdesignedtoreacha predeterminedgoalthrough
a singlethemeoridea.

Communication A processinwhichtwo ormorepersonsattempttoconsciouslyoruncon-
sciously influenceeachotherthroughtheuseofsymbolsorwordsinordertosatisfytheirrespec-
tiveneeds.

FederalTradeCommission(FTC) Governmentagencyestablishedtoprotectbusinessesagainst
unfaircompetition.
Marketingcommunication Includesalltheidentifiableeffortsonthepartofthesellerthatare
intendedtohelppersuadebuyerstoaccepttheseller'smessageandstoreitinretrievableform.
IMCmix Variouscombinationsofelementsina promotionalplan: advertising,salespromotion,
personalselling,public relations.

DiscussionQuestions


1.Listthebasicobjectivesofmarketing communication.Whyis it oftendifficultfor promotersto
reachtheirobjectives?Providesomevalidreasonswhymarketersshouldpursuetheseobjectives.
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