Study Guide for Promotional Strategy Exam 3

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Study Guide for Promotional Strategy Exam 3
Direct Marketing
 Identify some of the factors that have contributed to the growth of direct
marketing
 What is meant by a one step and two step approach in direct marketing?
 How is the effectiveness of a direct marketing program measured?
 What is meant by a database? What functions do databases perform? What is an
RFM analysis and why is it conducted?
Internet and Interactive Media
 Why are more and more marketers adding Internet advertising to their IMC plans?
What advantages does advertising on the Internet offer marketers?
 Explain the different vehicles marketers may consider when promoting on the
Internet and the advantages and disadvantages of each. What makes online
communications effective vs ineffective? According to the research discussed in
class, what are the most effective types of online promotions? Which types are
least effective?
 How are companies using the web today? You can refer to companies like
Procter and Gamble or Kraft which were discussed in class.
 Discuss the measures Internet marketers use to determine the effectiveness of
their programs on the Internet.
Sales Promotion
 What is sales promotion and why is it used? Give examples of consumer-oriented
and trade-oriented sales promotions. Discuss the role of each in a firm’s IMC
program.
 Discuss the value of sales promotion as part of the IMC plan and why marketers
have been shifting their marketing dollars to sales promotion from media
advertising. How can media advertising and sales promotion work together to
achieve a firm’s objectives and what is required to get this synergistic effect?
What is the downside of using sales promotion? How can sales promotion be
sued to build brand equity? (What types of promotions are more likely to build
brand equity?)
 What are the differences between consumer franchise building and non-franchise
building promotions? Give examples of each.
 Describe what is meant by slotting allowances and cooperative advertising. Why
would each be used?
Public Relations, Publicity, and Corporate Advertising
 Of what value is public relations in an IMC program? What are the primary
advantages and disadvantages of PR? What is the difference between public
relations and publicity? Why is publicity so powerful? Give an example of how
it can work for and against a firm.
 What is the difference between the traditional role of public relations activities
and the new role (marketing public relations)? How might PR benefit the
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organization’s marketing programs? How can you assess the effectiveness of
public relations activities?
What is the purpose of corporate advertising? How may it benefit the firm?
Describe what is meant by a proactive versus a reactive approach to public
relations. Which is more beneficial to the firm?
Advertising Research
 Describe the various types of testing done to ensure the effectiveness of ads and
discuss the rationale for each of these tests. Understand the various types of
pretests and posttest including lab test, field, Starch tests, day after recall, concept
tests, etc.
 Why do companies use the Starch test? What does it measure? How would an
advertiser use the results of this test?
 What is the difference between a lab test and field test? What is the principle
advantage of each? When should each be used?
 What is meant by split cable testing? How and why is it used?
 What is meant by single source ad research (tracking studies)? What information
is gathered from a single source? What is the value of this research in terms of
what it allows marketers to measure?
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