Advertising State Test Review 2013 1 • The ability to generate unique ideas, approaches and solutions 1 • Creativity 2 • A qualitative research where a group of people are asked about their attitudes toward a product, service, concept, advertisement, idea, or packaging. 2 • Focus Group 3 • A group of people identified as those most likely to become customers 3 • Target Market 4 • Used to stimulate consumer purchase immediately and represents all marketing activities, like: Contests, Fashion Shows, Coupons 4 • Sales Promotion 5 • The study of when, why, how & where people do or do not buy products. 5 • Consumer Psychology 1 • The process and methods used to gather information, analyze it, and report findings related to marketing goods & services. 1 • Marketing Research 2 • Use of a single marketing plan to reach all customers. 2 • Mass Marketing 3 • Breaking customers down into smaller groups by identifying them by shared needs and characteristics. 3 • Marketing Segmentation 4 • Easy to recognize, memorable, geared to the target audience 4 • Logo & Slogan 5 • An announcement that is sent by a business or organization to media outlets promoting an event. 5 • News Release 1 • Geographically selected audience, short message 1 • Outdoor Advertising 2 • When advertisers run a schedule on TV, and then convert the audio portion into radio (transferring that TV image to radio) 2 • Imagery Transfer 3 • The best time for radio advertisements are when people are driving to and from work. (Morning & Late afternoon, evening) 3 • Drive Time (radio prime-time) 4 • Local; target customers in home town. 4 • Newspapers 5 • Exact words usually written by the advertisers that show the speaker’s names, the sound effects, camera movement and the words to be spoken by the actor. 5 • Scripts 1 • The name that identifies a company or organization. Example: Keebler, GE, Proctor & Gamble 1 • Trade Name 2 • Regional or national; large specific audience 2 • Magazines 3 • Geographically selected audience; short message; aimed at travelers 3 • Station Posters 4 • Seen by people at an event and television viewers; often used by sponsors 4 • Stadium Signage 5 • Personalized message; may be considered “junk” mail 5 • Direct Mail 1 • Most network TV, advertising is sold on a participation basis with most advertisers buying a 30 second spot. 1 • Rates & Buying Time 2 • When a TV commercial is not run as specified in the contract and the station will make good by offering free advertising time to compensate for incorrect spots. 2 • Makegood 3 • For network and cable TV is between 8:00pm – 11:00pm when millions of viewers are watching. It is the most expensive advertising time. 3 • Primetime 4 • Is based on where customers are located or climate 4 • Geographic Segmentation 5 • Any form of communication a business or organization uses to inform, persuade or remind. 5 • Promotion 1 • Based on statistical characteristics, such as Gender, Age, Ethnicity, Education, Occupation, Income or Life Stage 1 • Demographic Segmentation 2 • Company incurs costs for educating customers, building widespread dealer distribution, and encouraging demand. 2 • Introduction Phase 3 • The process of acting through a situation without all the real characters being present. 3 • Role Playing 4 • Sales made when individuals make contact with potential buyers face-to-face. 4 • Personal Sales 5 • Product, Price, Place, Promotion 5 • Marketing Mix 1 • Listing as many relative and different ideas as possible 1 • Brainstorming 2 • Identifying and unique names of an internet site 2 • Domain Names 3 • All physical elements: such as color, lighting & shelving, to project the right image to its consumers 3 • Visual Merchandising & Display 4 • Cost sharing arrangement whereby both a supplier and advertiser pay for advertising and promotion 4 • Co-Operative Advertising 5 • Based on purchase behavior 5 • Behavioristic Segmentation 1 • Segmentation based on values, attitudes, personality, and lifestyle. 1 • Psychographic Segmentation 2 • Involves placing newsworthy information about a business, product or policy in the media. It’s mostly free. 2 • Publicity 3 • Characterized by rapid market expansion as more customers, stimulated by advertising and word-of-mouth, make purchases 3 • Growth Stage 4 • Any paid form of non-personal promotion of ideas, goods, or services. 4 • Advertising 5 • Products become obsolete due to new technology or changing customer tastes or companies may cease all promotion and phase products out quickly. 5 • Decline Stage 1 • Company develops or alters products to meet current and future market demands. 1 • Development Phase 2 • Marketplace becomes saturated with competing products and the number of new customers decreases, causing sales to reach a plateau 2 • Maturity Stage 3 • Uses keywords to trigger ads on the internet 3 • Key word Advertising 4 • Stages in The Product Life Cycle are: 4 • • • • • Development Stage – develops products Introduction Stage – educate customers Growth Stage – advertising, word of mouth Maturity Stage – # of new customers decrease Decline Stage – products become obsolete 5 • Know the Advantages & Disadvantages of TV vs Radio Advertising 5 1 • Elements in Print Advertising – White Space – Illustrations – Headline – Copy – Slogan – Signature • • • • • 1 Headline – the phrase or sentence that captures the readers attention, entices them Illustration – the graphic (photograph drawing) element used in an advertisement Copy – the selling message of a written advertisement, should appeal to senses White Space - the unprinted area of a piece of printing, blank space of a poster or newspaper page. Signature – identification symbol for a business, logo 2 • Advantages and Disadvantages of Branding: 2 Disadvantages of Branding 3 • Common Personal Trait Characteristics for Marketing Jobs: 3 Articulate clearly Be creative Be personable Be Ambitious Possess a competitive spirit Be optimistic Able to multi-task Be detail oriented Be results oriented Possess strong interpersonal skills Possess effective communication and analytical skills 4 • The 4 Steps to Developing a Career Plan – know them in order. 4 • 1. Research Career Opportunities • 2. Set Career Goals • 3. Develop & educational/professional development plan • 4. Carry out the plan 5 • Label the Following ads with: 1.personal sales, 2. publicity, 3. advertising 4. internet ad. News release TV Commercial Insurance sales 5 1. Personal Sales 4. Internet Ad 2.Publicity 3. Advertising