1.
Distinguish between promotion and the promotional mix.
Consists of communication activities that inform potential customers about goods, services, images, or ideas to achieve a desired outcome. The specific combination, or blend, of marketing communication channels that a business uses to send its messages to customers.
2.
Explain the four elements of the promotional mix.
Advertising
personal selling
publicity
sales promotion
3.
What are the advantages and disadvantages of advertising?
Advantages
It can reach a large audience in a broad geographic area
since many people receive the same message, the per contact cost of advertising is low
Disadvantages
they may need to see an ad seven or more times before it takes on meaning for them
advertising is typically not good for delivering complicated messages
4.
In what situations does advertising typically work best?
TV
Radio
Newspapers/Magazines
Billboards
Catalogs
Online Ads
5.
What are the advantages and disadvantages of personal selling?
Advantages
designed to influence purchase decisions
immediate feedback
flexibility
many customers view it as being more credible than advertising
Disadvantages
On a per contact basis, personal selling is the most expensive form of promotion
6.
What are the advantages and disadvantages of publicity?
Advantages
customers typically consider the information gained through publicity to be more credible
can be used to build goodwill toward a company, as well as develop a positive image of the business
can help to promote a new product
Disadvantages
have little control over the message presented to customers
the timing of that message
the location in which the customers receive the message
7.
What are the advantages and disadvantages of sales promotion?
Advantages
Measurable
low cost per exposure
attract new customers
8. Why is the promotional mix important?