PRINCIPLES OF BUSINESS MARKETING
LESSON 5.4 ADVERTISING - PROMOTION AND
SPECIAL EVENTS
“Copyright and Terms of Service
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VOCABULARY TERMS
Promotion- any form of communication a business uses to inform, persuade, or remind people about its products, or to enhance its image.
Promotional Mix- any combination of the four components of promotion: sales promotion, public relations and publicity, advertising or personal selling.
Product Promotion- businesses use this type of promotion to convince people to buy their products over a competitor.
Direct Marketing- a type of advertising directed to a targeted group of prospects and customers rather than to a mass audience.
Sales Promotion- represents all marketing activities used to stimulate purchasing and sales.
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VOCABULARY TERMS
Public Relations- activities or campaigns by an organization to try and create a favorable image for their company and its products.
News Release- an announcement that is sent to the appropriate media outlets.
Publicity- involves bringing news or newsworthy information about an organization to the public’s attention.
Coupons- certificates that entitle consumers to cash discounts on goods or services.
Premiums- low cost items given to consumers at a discount or for free.
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Personal
Selling
Advertising
Direct
Marketing
Sales
Promotion
Public
Relations
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• Direct Marketing is directed to a targeted group of potential and existing customers rather than a mass audience.
• The two forms of direct marketing are: printed direct mail (post office) and electronic mail (e-mail)
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• The object of a sales promotion or special event is to increase sales, inform potential customers about new products and create a positive business or corporate image.
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• Public relations plays a key role in creating a positive image for a company. One goal in public relations in to cultivate media relations with reporters who cover a specific industry.
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To increase sales when doing promotions or special events a company must:
• Know the message they are trying to convey to the consumer
• Plan accordingly and pay attention to detail
• Use every element of the promotional mix to the best advantage of the company
• Evaluate results
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