Chapter 15 - Advertising and Public Relations
Chapter 15 - Advertising and Public Relations
Chapter 15 - Advertising and Public Relations
consumer promotion to induce final consumers to buy the product, creating a demand
vacuum that “pulls” the product through the channel
Advertising:
- Advertising – any paid form of nonpersonal presentation and promotion of ideas, goods,
or services by an identified sponsor
- Advertising objective – a specific communication task to be accomplished with a specific
target audience during a specific period of time
o Informative advertising – used heavily when introducing a new product category
o Persuasive advertising – more important as competition increases
o Reminder advertising – important for mature products to maintain customer
relationships and keep reminding customers
- Advertising budget – the dollars and other resources allocated to a product or company
advertising program
- Advertising strategy – the strategy by which the company accomplishes its advertising
objectives. It consists of two major elements: creating advertising messages and
selecting advertising media
- Madison and vine – a term that has come to represent the merging of advertising and
entertainment in an effort to break through the clutter and create new avenues for
reaching consumers with more engaging messages
- Creative concept – the compelling “big idea” that will bring the advertising message
strategy to life in a distinctive and memorable way
- Execution style – the approach, style, tone, words, and format used for executing an
advertising message
- Advertising media – the vehicles through which advertising messages are delivered to
their intended audiences
- Return on advertising investment – the net return on advertising investment divided by
the costs of the advertising investment
- Advertising agency – a marketing services firm that assists companies in planning,
preparing, implementing, and evaluating all or portions of their advertising programs
Public relations:
- Public relations - building good relations with the company’s various publics by
obtaining favorable publicity, building up a good corporate image and handling or
heading off unfavorable rumors, stories, and events
Personal Selling:
- Personal selling – personal presentation by the firm’s sales force for the purpose of
making sales and building customer relationships
- Sales person – an individual representing a company to customers by performing one or
more of the following activities: prospecting, selling, communicating, servicing,
information gathering or relationship building