Marketing – Chapter 19- Advertising Advertising - ________________ promotion which promotes ideas, goods, or services by using a variety of media (_________ads per day for average city dweller) Promotional advertising - advertising designed to increase ___________ Institutional advertising - advertising designed to create a ___________________ _______ advertising - advertising to reach large numbers of people with their messages (TV, radio) Target advertising - carefully select ____________ (easier because of technology) Types of Media 1. Print 2. ____________ 3. Internet 4. Specialty __________Media - includes advertising in newspapers, magazines, direct mail, signs, and billboards __________form of advertising ________ and __________ Newspapers More than _________ paid circulation daily newspapers and several thousand local weekly papers (Posey County Times; Courier Press) Market ________________________due to technology Shoppers - minimal editorial content; ____________ National Newspapers - distributed throughout country; ____________and ________________ Advantages of Newspapers: Distribution ____________ (circulation); Responses are easily ____________; ______ is low compared to other print media Disadvantages of Newspapers: Some papers sold outside business's target market; _________ shelf life; Less _________ appealing than other print media; Newspaper circulation continues to ____________ Magazine Advertising More than ____________magazine Published as weeklies, monthlies, and quarterlies Many also have ________________ ____________ Magazines - developed for personal pleasure or interest; excellent target markets Business-to-Business Magazines (_________ publications) - for professionals in specific fields Advertising Age, Mass Market Retailers Advantages of Magazines _____________________than newspapers; Read more ________ than newspapers; Better ________________than newspapers; Variety of ____________ formats Disadvantages of Magazines Cost is __________ than newspapers; Not as __________ as newspapers Direct-Mail Advertising Highly __________ form of adverting Two forms - printed (US Mail) and electronic (_________) __________ forms of printed direct-mail: catalogs, newsletters, coupons, samplers, price lists Marketing – Chapter 19- Advertising Advantages: Highly __________; Wide choice of formats Disadvantages: Low _______________ (1-3%); Image problem (junk mail) Directory Advertising (Telephone directory) __________ Pages - businesses and residents receive a free alphabetical listing of their phone numbers and addresses Yellow Pages - businesses pay for an______________ listing and a display ad Advantages: Inexpensive; ____________are familiar with Yellow Pages; Kept at least ____________ Disadvantages: Can't change information until new directory printed Outdoor Advertising ______________________signs - are used by companies at their places of business or in other locations Standardized Outdoor signs (billboards) - standard outdoor signs purchased from advertising companies (changed ________________to a year) Transit Advertising - advertisement seen on ___________________ (buses, taxis, trains, public benches) Broadcast media - _______ and _____ advertisements Television Advertising Most ads seen on either: 1. major network - ______, ______, ______, ______ 2. cable television (11,600 local cable systems) Most TV ads are ________________spots Combines sight, sound, action, and color (____________ mass advertising medium) Businesses can target message to _______________ with cable TV (sports, music, history) Local TV advertising can be used to _________ specific geographic areas Disadvantages - highest _________________(average $400,000); High cost to for time purchased (30 second ad for Super Bowl - ____________) Radio Advertising Timely medium (updated _________________) Over 10,000 AM and FM radio stations (reach over _______________) Carefully target audiences with the type of station Presented in __________________second time periods Disadvantages – _________________ and have short life span Internet Advertising Involves the World Wide Web or email __________ rapidly Email Ads - ____________ direct-mail adverting sent via email Banner Ads - come ________________and sizes, but usually as a rectangle at top, bottom or side of a web page Marketing – Chapter 19- Advertising Search engine ads - appear while using a _____________such as Google or Bing (Ex. Google's Ad Words) Social Media Advertising - __________________to interact with their products (special business club, extended videos, contests, and many other ideas) Specialty Media (Sales Promotions)- ____________ useful products that are imprinted with the company's name, message or logo (pens, shirts, etc.) Other Advertising Media: TV screens at various locations (airports, subways) __________________at sports arenas On-screen movie theater ads Messages in elevators, bathrooms, airplanes (along beaches) In-Store Advertising: Retailers are using in-store advertising ________________(electronic shelf ads, cart displays, coupon machines) New Media: Improved ways ____________the Internet continue to provide marketers with creative advertising opportunities Media Planning - process of ____________ the appropriate advertising media and deciding the time or space in which ads should appear to accomplish objective Media Measurement: Audience - number of homes or people __________ to an ad Frequency - number of _________an audience sees or hears an advertisement Impression - ____________exposure to an advertising message Cost per thousand (CPM) - cost of exposing _________readers or viewers to an advertising impression TV research - ____________; Radio research – ____________ Media Rates Newspaper Rates 1. Classified Ads - grouped or (____________) into specific categories (help wanted; auto sales) 2. Display Ads - enable the advertiser to depicted the product or service being advertised Factors that Affect Rates type of ad; size; _______________; section or lift-out; page position within a section; __________ VS black and white; annual spend/expenditure commitment Newspaper advertising rates quoted by column inch Multiply the number of ___________ by the number of inches then multiply the total column inches by the rate. 3 columns x 2 inches x $20 = $120 USA Today – Wall Street Journal – New York Times - Marketing – Chapter 19- Advertising Magazine Rates Based on ____________ Type of readership Production ____________ Bleed - means that half or full-page ads are printed to the ____________of the page leaving no white border (up to 20% extra) Premium position - refers to _______________ (back cover or inside of the first page (most expensive) Internet Rates Rates are based on the type of advertising Rates based on the volume of ____________ views Radio Rates Network radio advertising - message played ____________ (ex. ABC Radio Stations) National spot radio advertising - message ____________ placed in certain regions Local radio advertising - used locally by __________________on local channels Time Slots (most -to- least expensive) Class AA: Morning drive time - __________________ Class A: Evening drive time - 4:00 pm - 7:00 pm Class B: Home worker time - 10:00 am - 4:00 pm Class C: Evening time - 7:00 pm - midnight Class D: Nighttime - midnight - 6:00 am Television Rates (vary with time of day) ____________7:00 pm - 10:00 pm Promotional Budget Methods Percentage of Sales - based on past or anticipated sales _____________________- uses all funds after paying for expenses Following the Competition - business matches its ______________ ad budget Objective and Task - determines the cost for promotional activities to meet company goals