Marketing mix promotion and price

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  • Created by: Jeon32666
  • Created on: 23-03-19 18:19
Promotion
The use of advertising, sales promotion,personal selling,direct mail, trade fairs sponsorship and public relations to inform consumers and persuade them to buy
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Promotion mix
The combination of promotional techniques that a firm uses to sell a product
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Below the line promotion
promotion that is not a directly paid-for means of communication,but based on short term incentives to purchase
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Sales promotion
Incentives such as special offers or special deals directed at consumers or retailers to achieve short term sales increases and repeat purchases by consumersss
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Personal selling
A memberof the sales staff communicates with one consumer with the aim of selling the product and establising a long term relationship between the company and the consumer g
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Sponsorship
Payment by a company to the organisers of an event or team/individuals so that the company name becomes associated with the event/team/individual
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Public relations
The deliberate use of free publicity provided by newspapers, TV and other media to communicate with and achieve understanding by the public
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Branding
The strategy of differentiating products from those of competitors by creating an identifiable image and clear expectations about a product
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Marketing or promotional budget
The financial amount made by a business for spending on marketing/promotion during a certain time period
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Channel of distribution
This refers to the chain of intermediaries a product passes through from producer to final consumer
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Internet marketing
Refers to advertising and marketing activities that use the internet, email and mobile communications to encourage direct sales via electronic commerce
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E-commerce
The buying and selling of goods and services by businesses and consumers through an electronic medium
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Viral Marketing
The use of social media sites or text messages to increase brand awareness or sell products
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Other cards in this set

Card 2

Front

The combination of promotional techniques that a firm uses to sell a product

Back

Promotion mix

Card 3

Front

promotion that is not a directly paid-for means of communication,but based on short term incentives to purchase

Back

Preview of the back of card 3

Card 4

Front

Incentives such as special offers or special deals directed at consumers or retailers to achieve short term sales increases and repeat purchases by consumersss

Back

Preview of the back of card 4

Card 5

Front

A memberof the sales staff communicates with one consumer with the aim of selling the product and establising a long term relationship between the company and the consumer g

Back

Preview of the back of card 5
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