Thursday, October 14, 2010

Ch. 15 Promotion

In class we discussed what Promotion is and how it is effective for the following:
  • Brands- help remind you what products exist
  • Slogans- "melts in your mouth not in your hands"
  • Characters- makes you think of the product, even if it does not relate. Tony the Tiger

Promotion mix

  • Advertising- mass media
  • Personal Selling- one on one, most expensive, most adaptive, changes for every customer
  • Sales Promotion- direct value to customer, offers a direct value to cost. Attracts new customers, encourages trial product, boost sales of current customers
  • Public Relations- maintains favorable relationship with the public

Advertising- paid message communicated to audience

3 types of Advertising

  1. primary- buy any product like mine!
  2. selective- buy only my product
  3. institutional- buy from our company

Next Scribe is Steven!!

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