PROMOTION Any form of communication a business or company uses to inform, persuade, or remind people about products and to improve its image Lesson Objectives • • • • • Define _____ ________purposes of promotion Define ________promotion Identify __types of promotion Define promotional ___ Purposes of Promotion • REMIND; INFORM; PURSUADE – – – – – – – Convince potential ________to ___ Explain __________of products Tell _____products are sold Advertise ______on products Answer customers’ ________ Introduce ____products Create a _______image of the company or product Two Basic Kinds of Promotion • ______P • Institutional Promotion Institutional Promotion Used to create a ________image of the company, rather than to ______sell products Institutional Promotion Discussion • Why would an organization promote itself and not its products? Types of Promotion • • • • _________ Sales Promotion _______Selling Publicity/ Public Relations • ______Merchand ising • Direct _______ ADVERTISING The _________ presentation of ideas and products by an ______sponsor. **PAID FOR** SALES PROMOTION 2 for 1 Sale Buy One, Get One Free $2 off after 8PM on Tuesday • ______purchases • increase store ______ PERSONAL SELLING The ______presentation of a product or company to one or more _______buyers PUBLICITY PUBLIC RELATIONS Creating _____ for a business or product by placing _____about it in the media Visual Merchandising The coordination of all ______elements in a place of business so that it projects the right ____to its customers Direct Marketing • Directed towards a ______group of prospects. • Types of Direct Marketing – _____Direct Mail – Electronic _____ Mail Can you name a type of business that… • Uses a lot of advertising and sales promotion, but very little personal selling? • Uses very little advertising, but lots of personal selling? What types of promotion do you think the following businesses use? • • • • Hayes Chrysler/Jeep Ruby Tuesday Avon Corporation ebay The ________of promotion types represents a product’s PROMOTIONAL ___