Podcast
Questions and Answers
What is the primary goal of discounts or rebates in consumer sales promotion?
What is the primary goal of discounts or rebates in consumer sales promotion?
- To maintain current customer relationships
- To increase the number of new competitors
- To stimulate trial purchases (correct)
- To promote brand loyalty
Which of the following is a common characteristic of loyalty programs?
Which of the following is a common characteristic of loyalty programs?
- They provide no customization for different consumer groups
- They do not reward repeat business
- They are also known as continuity or frequency programs (correct)
- They are only available in retail stores
How can consumer promotions contribute to integrated brand promotion?
How can consumer promotions contribute to integrated brand promotion?
- By suggesting additional value with price reductions (correct)
- By focusing solely on product features
- By discouraging trial purchases
- By bypassing customer engagement
What is a distinguishing feature of sampling in consumer promotions?
What is a distinguishing feature of sampling in consumer promotions?
Which type of promotion involves free or discounted items with another purchase?
Which type of promotion involves free or discounted items with another purchase?
What is the purpose of a trial offer in consumer promotions?
What is the purpose of a trial offer in consumer promotions?
What can lead to an increase in sales but often goes unclaimed by consumers?
What can lead to an increase in sales but often goes unclaimed by consumers?
What is the primary aim of sales promotions?
What is the primary aim of sales promotions?
What characterizes price-off deals in consumer promotions?
What characterizes price-off deals in consumer promotions?
Which of the following is NOT a type of consumer promotion?
Which of the following is NOT a type of consumer promotion?
What factor is contributing to the increasing popularity of sales promotions?
What factor is contributing to the increasing popularity of sales promotions?
Which promotional strategy rewards customers for their continued patronage?
Which promotional strategy rewards customers for their continued patronage?
Why are savvy consumers more inclined to respond to sales promotions?
Why are savvy consumers more inclined to respond to sales promotions?
What is a significant challenge faced by manufacturers in the current advertising landscape?
What is a significant challenge faced by manufacturers in the current advertising landscape?
What distinguishes trade promotions from consumer promotions?
What distinguishes trade promotions from consumer promotions?
What strategy do companies increasingly implement to engage consumers?
What strategy do companies increasingly implement to engage consumers?
Which type of media is classified as above-the-line promotions?
Which type of media is classified as above-the-line promotions?
What does the term 'media vehicle' refer to?
What does the term 'media vehicle' refer to?
What is a key benefit of influencer marketing in relation to public relations?
What is a key benefit of influencer marketing in relation to public relations?
What aspect is crucial for integrating PR into an Integrated Brand Promotion (IBP) program?
What aspect is crucial for integrating PR into an Integrated Brand Promotion (IBP) program?
What is the main purpose of geo-targeting in media planning?
What is the main purpose of geo-targeting in media planning?
Which term defines the percentage of the target audience viewing an ad at least once?
Which term defines the percentage of the target audience viewing an ad at least once?
What characterizes a reactive public relations strategy?
What characterizes a reactive public relations strategy?
What is continuity in media planning?
What is continuity in media planning?
Which statement regarding micro-influencers is correct?
Which statement regarding micro-influencers is correct?
What is flighting in ad scheduling?
What is flighting in ad scheduling?
How did PepsiCo respond to the backlash regarding the Mountain Dew ad?
How did PepsiCo respond to the backlash regarding the Mountain Dew ad?
What does 'share of voice' assess in advertising?
What does 'share of voice' assess in advertising?
Effective frequency measures what aspect of advertising?
Effective frequency measures what aspect of advertising?
What do slotting fees refer to?
What do slotting fees refer to?
What is the primary goal of point-of-purchase advertising?
What is the primary goal of point-of-purchase advertising?
What is one objective of public relations?
What is one objective of public relations?
Which tool is commonly used in public relations for sharing positive news with employees?
Which tool is commonly used in public relations for sharing positive news with employees?
What does lobbying in public relations typically involve?
What does lobbying in public relations typically involve?
Which of the following is a drawback of using press releases?
Which of the following is a drawback of using press releases?
What is a proactive PR strategy?
What is a proactive PR strategy?
What role does credible news sources play in publicity?
What role does credible news sources play in publicity?
How is the share of voice defined?
How is the share of voice defined?
What is the formula for calculating CPM?
What is the formula for calculating CPM?
What distinguishes digital media from traditional media in terms of audience engagement?
What distinguishes digital media from traditional media in terms of audience engagement?
What is the primary objective of media buying?
What is the primary objective of media buying?
What is programmatic media buying?
What is programmatic media buying?
What role does the Agency of Record play in media buying?
What role does the Agency of Record play in media buying?
Which statement reflects the current state of traditional media?
Which statement reflects the current state of traditional media?
Which of the following is NOT a type of television broadcasting?
Which of the following is NOT a type of television broadcasting?
Flashcards
Measured Media
Measured Media
Advertising methods that can be measured and tracked, like TV commercials or magazine ads. "Above-the-line" is often used to describe these types of media.
Unmeasured Media
Unmeasured Media
Advertising methods that are harder to quantify or track, such as in-store displays or events. "Below-the-line" is often used to describe these types of media.
Media Plan
Media Plan
A detailed plan that outlines how advertising will be used to reach the target audience. This involves choosing the right media channels, scheduling ad placements, and setting budgets.
Reach
Reach
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Frequency
Frequency
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Effective Reach
Effective Reach
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Effective Frequency
Effective Frequency
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Share of Voice
Share of Voice
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Cost Per Thousand (CPM)
Cost Per Thousand (CPM)
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Pull Media
Pull Media
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Push Media
Push Media
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Media Buying
Media Buying
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Programmatic Media Buying
Programmatic Media Buying
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Agency of Record
Agency of Record
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Network TV
Network TV
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Cable TV
Cable TV
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Sales promotions
Sales promotions
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Consumer promotions
Consumer promotions
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Trade promotions
Trade promotions
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B2B Sales Promotions
B2B Sales Promotions
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E-commerce
E-commerce
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Mobile marketing
Mobile marketing
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Advergaming
Advergaming
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Contests and Sweepstakes
Contests and Sweepstakes
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Slotting Fees
Slotting Fees
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Bill-Back Allowances
Bill-Back Allowances
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Off-Invoice Allowances
Off-Invoice Allowances
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Point-of-Purchase Advertising
Point-of-Purchase Advertising
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Public Relations
Public Relations
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Internal Communications
Internal Communications
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Tools of PR
Tools of PR
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Proactive PR Strategy
Proactive PR Strategy
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Influencer Marketing
Influencer Marketing
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Paid Influence Programs
Paid Influence Programs
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Micro-Influencers
Micro-Influencers
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Building Trust with Professional Influencers
Building Trust with Professional Influencers
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Stimulate Trial Purchase
Stimulate Trial Purchase
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Stimulate Repeat Purchases
Stimulate Repeat Purchases
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Stimulate Larger Purchases
Stimulate Larger Purchases
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Introduce a new brand, product, or service
Introduce a new brand, product, or service
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Combat or disrupt competitors’ strategies
Combat or disrupt competitors’ strategies
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Contribute to Integrated Brand Promotion
Contribute to Integrated Brand Promotion
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Price-off deals
Price-off deals
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Loyalty programs
Loyalty programs
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Study Notes
Measured vs Unmeasured Media
- Above-the-line promotions are traditional media (e.g., TV, radio, magazines).
- Measured media is closely tracked to determine advertising costs and effectiveness.
- Below-the-line promotions are promotional efforts (e.g., in-store promotions, coupons).
- Less formally measured for advertising costs and effectiveness.
Media Planning Terms
- Media plan: Strategy for placing advertisements in relevant media to reach the target audience.
- Media class: A broad category of media (e.g., TV, radio, newspapers).
- Media vehicle: A specific option within a media class (e.g., a particular magazine).
- Media mix: Combining different media types to reach the target audience.
- Geographic scope: The area where advertisements will be displayed.
- Geo-targeting: Placing ads in regions where the target audience is more likely to buy.
- Geofencing: Tracking location to target ads based on proximity to a business.
- Micro-targeting: Sending personalized messages to individuals or small groups.
- Reach: Percentage of the audience that sees the ad at least one time.
- Frequency: Average number of times each person is exposed to the ad.
- Effective reach: Percentage of the audience that sees the ad enough times to have an impact or affect their perception positively.
- Effective frequency: Number of times someone needs to see an ad to have an effect or for it to work.
- Continuity: Placements over time in a media schedule.
- Continuous scheduling: Ads running at a steady rate over a time period.
- Flighting: Ads run heavily for a short time, then stop, and repeat.
- Pulsing: Continuous running, but with higher ad frequency during specific periods.
Competitive Media Assessment and Share of Voice
- Competitive media assessment: Crucial for assessing spending in media, especially when competitors target a very specific audience.
- Share of Voice: Measuring one brand's media expenditure in relation to the total expenditures of the entire product category, within a specific medium.
Media Efficiency
- CPM (Cost Per Thousand): A measure of media efficiency. It is (cost of media buy x 1,000) / total audience.
- CPM helps compare costs of different media.
- Digital/internet media is mostly pull media (consumer is more in control), and most traditional media is push media.
Media Buying and Programmatic Buying
- Media buying: reserving media time (TV, radio, digital ad slots, and print media) according to the schedule for a specific client.
- Programmatic media buying: Automatically purchasing ad space using data such as consumer behavior, to target the right audience.
Television
- Network TV: TV broadcasts across the U.S. via airwaves to partnered stations.
- Cable TV: TV transmission via wires instead of through the airwaves
- VOD (Video-on-Demand): allowing subscribers to watch selected videos at any time.
- OTT (Over-the-Top): Media streamed directly to viewers via the internet.
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