Podcast
Questions and Answers
What was the first advertising agency established?
What was the first advertising agency established?
Volney Palmer
In which year was the Bengal Gazette first published?
In which year was the Bengal Gazette first published?
1780
What does the AIDA model stand for?
What does the AIDA model stand for?
Which of the following is NOT a feature of advertising?
Which of the following is NOT a feature of advertising?
Signup and view all the answers
The first advertising agency in India was established in 1905.
The first advertising agency in India was established in 1905.
Signup and view all the answers
What is the main goal of consumer advertising?
What is the main goal of consumer advertising?
Signup and view all the answers
What is the significance of the Means-End theory in advertising?
What is the significance of the Means-End theory in advertising?
Signup and view all the answers
The first advertising agency in India was established by _____ in 1905.
The first advertising agency in India was established by _____ in 1905.
Signup and view all the answers
What advertising model emphasizes the stages of attention, interest, desire, and action?
What advertising model emphasizes the stages of attention, interest, desire, and action?
Signup and view all the answers
What is the primary focus of institutional advertising?
What is the primary focus of institutional advertising?
Signup and view all the answers
Match the following advertising advantages to their descriptions:
Match the following advertising advantages to their descriptions:
Signup and view all the answers
Study Notes
Advertising Around the World
- The evolution of advertising reflects the development of communication technologies.
- Early advertising forms like stone pillars, wall paintings, and papyrus notices were used in ancient civilizations.
- The invention of printing, radio, and television revolutionized advertising, leading to the emergence of advertising agencies.
- The first advertising agency, Volney Palmer, was founded in Philadelphia in 1841
- The internet, social media, and digital transformation have significantly transformed advertising in recent decades.
Advertising in India
- The growth of the Indian advertising industry was initially connected with the development of print media.
- The first Indian newspaper, the Bengal Gazette, was launched in 1780.
- The first advertising agency in India, B.Dattaram & Co., was founded in Girgaon, Mumbai, in 1905.
- The National Advertising Service was established in 1931 marking a significant development in the Indian advertising landscape.
- The Indian Society of Advertisers was formed in 1951.
Importance of Advertising
- Introduces new products: Inform consumers about new products, increasing awareness.
- Increased demand: Encourages consumers to purchase products, driving higher demand.
- Economies of scale: Production cost reduction through higher product demand, making products more affordable.
- Improved public image: Positive advertisement campaigns can enhance an organization’s public perception.
- Competitive edge: Effective advertising helps businesses stand out in the marketplace.
- Higher standard of living: Supports economic growth and better living standards.
- Educates consumers: Provides information about products and services, improving customer knowledge.
- Research and development: Advertising budgets help fund research and development of new products and innovations.
Features of Advertising
- Communication: Advertising is a form of communication between businesses and consumers.
- Non-personal information: It often reaches a large audience without direct interaction.
- Identifies the sponsor: Clear identification of the organization behind the advertising message.
- Variety of consumers: Advertising targets a diverse audience.
- Increased sales and profitability: Effective advertising aims to boost sales and profitability.
Scope of Advertising
- Advertising research: Understanding consumer behavior and market trends.
- Consumer research: Identifying target audiences and their preferences.
- Advertising budget: Planning and allocating resources for advertising campaigns.
- Advertising campaign planning: Developing comprehensive advertising strategies.
- Creative advertisement creation: Designing visually appealing and engaging advertisements.
- Media planning: Selecting the most effective media platforms for advertising.
- Media selection: Choosing suitable media channels like television, radio, print, or online platforms.
- Media scheduling: Organizing advertising campaigns across the chosen media channels.
- Commercial and non-commercial advertising: Advertising for profit-making organizations and non-profit organizations.
Advantages of Advertising
- Introduction of new products: Raises awareness and encourages trial adoption.
- Market expansion: Reaching new customers in different regions and markets.
- Increased sales: Driving consumer demand and boosting sales volumes.
- Competition: Helping businesses compete and stand out in the marketplace.
- Enhanced goodwill: Building positive brand reputation and consumer trust.
- Customer education: Sharing information about products, services, and benefits.
- Middleman elimination: Direct communication with consumers, reducing intermediaries.
- Improved product quality: Advertising can motivate businesses to improve product quality.
- Sales support: Supporting sales teams and reinforcing sales efforts.
- Employment opportunities: Advertising creates jobs in various sectors.
- Higher standard of living: Contributed to economic growth and improved living standards.
5 M's of Advertising
- Mission: Defining the advertising objectives and goals.
- Money: The advertising budget available for the campaign.
- Message: The advertising content and key message.
- Media: Selecting the appropriate advertising channels.
- Measurement: Evaluating the effectiveness and results of the campaign.
Types of Advertising
- Consumer advertising: Targeting individual consumers for products and services.
- Industrial advertising: Targeting businesses for products and services.
- Institutional advertising: Promoting the image and reputation of an organization.
- National advertising: Reaching a national audience across a wide geographical area.
- International advertising: Expanding advertising campaigns to multiple countries.
- Classified advertising: Small advertisements usually published in newspapers.
- Generic advertising: Promoting a general product category rather than a specific brand.
Stimulus Response Theory
- This theory proposes that advertising should create associations with a product in the mind of the consumer to trigger a desired response.
- It suggests that persuasive communication should guide the audience through stages, with each stage depending on the success of the previous one.
- The theory emphasizes the importance of identifying stimuli that trigger a desired response from the consumer.
- The success of marketing strategies depends on understanding how different stimuli influence consumer behavior.
AIDA Model
- The AIDA model is an advertising and sales framework developed by Elias St. Elmo Lewis.
- The acronym stands for Attention, Interest, Desire, and Action.
- Attention: Grabbing the consumer's attention with the advertising message.
- Interest: Creating interest in the product or service.
- Desire: Arousing a desire to purchase the product or service.
- Action: Motivating the consumer to take action, such as buying the product.
Means-End Theory
- This theory focuses on linking product attributes to consumer values.
- Means: Product attributes and benefits.
- End: Personal values and desired outcomes.
- The theory helps to explain the relationship between a product's attributes, consumer benefits, and personal values.
- Consumers are more likely to purchase a product if they believe it helps them achieve a desired end state or personal value.
Verbal and Visual Imagery
- Verbal: Utilizing language and words to create an impact on the consumer.
- Visual: Employing visual elements like images, illustrations, or videos to convey a message.
- Visual imagery is easily remembered because it is stored as both pictures and words.
- Visual imagery is considered as a universal language that resonates with diverse cultures.
Theory of Cognitive Dissonance
- The theory posits that individuals strive to maintain consistency in their beliefs and actions.
- When there are conflicting beliefs or actions, it creates cognitive dissonance, which can lead to discomfort.
- Consumers might experience cognitive dissonance when they make a purchase and later doubt their decision.
- Advertising can address cognitive dissonance by providing reassurance and reinforcing the consumer's purchase decision.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
Explore the fascinating journey of advertising from ancient civilizations to the digital age. This quiz covers key developments in communication technologies and highlights significant milestones in both global and Indian advertising history. Test your knowledge about iconic advertising agencies and the transformation brought by the internet and social media.
