Retail Promotion 2024

Cards (114)

  • Advertising
    Paid, non-personal communication of products or services in various media
  • Advertising
    Paid, non-personal communication of products or services in various media
  • Public Relations
    Strategic communication process that builds positive relations between an organisation with various groups
  • Public Relations
    Strategic communication process that builds positive relations between an organisation with various groups
  • Personal Selling
    • Interpersonal influence and information exchange process
    • Involves person-to-person communication with a prospect
  • Personal Selling
    • Interpersonal influence and information exchange process
    • Involves person-to-person communication with a prospect
  • Sales Promotion

    Short-term incentives used to encourage consumers to purchase a product or service
  • Sales Promotion

    Short-term incentives used to encourage consumers to purchase a product or service
  • Marketing Mix (4Ps)
    • Product
    • Price
    • Place
    • Promotion
  • Marketing Mix (4Ps)
    • Product
    • Price
    • Place
    • Promotion
  • Product
    • Includes both products and services
    • Products - tangible and physical items
    • Services - intangible and non-physical items
  • Product
    • Includes both products and services
    • Products - tangible and physical items
    • Services - intangible and non-physical items
  • Aspects of a Product
    • Variety
    • Quality
    • Design
    • Features
    • Brand name
    • Packaging
    • Services
  • Price
    Amount a customer is willing to pay for the product
  • Aspects of a Product
    • Variety
    • Quality
    • Design
    • Features
    • Brand name
    • Packaging
    • Services
  • Aspects of a Price
    • List price
    • Discounts
    • Allowances
    • Payment period
    • Credit terms
  • Place
    Location where a product is distributed and finally purchased
  • Price
    Amount a customer is willing to pay for the product
  • Aspects of a Price
    • List price
    • Discounts
    • Allowances
    • Payment period
    • Credit terms
  • Aspects of a Place
    • Channels
    • Coverage
    • Assortments
    • Locations
    • Inventory
    • Transportation
    • Logistics
  • Place
    Location where a product is distributed and finally purchased
  • Promotion
    Activities that communicate the merits of the product, persuading target customers to buy
  • Aspects of a Place
    • Channels
    • Coverage
    • Assortments
    • Locations
    • Inventory
    • Transportation
    • Logistics
  • Aspects of Promotion
    • Advertising
    • Personal selling
    • Sales promotion
    • Public relations
    • Design
  • Promotion
    Activities that communicate the merits of the product, persuading target customers to buy
  • 4 Aspects of Promotion Mix
    • Advertising
    • Public Relations
    • Personal Selling
    • Sales Promotion
  • Advantages of Advertising
    • Advertised products are viewed as more legitimate
    • Build up a long-term image for a brand/product
    • Gets the retailer's message out to its target market
    • Dramatizes a company's products, impressing potential customers
    • Reaches masses of geographically dispersed buyers at a low cost per exposure
  • Aspects of Promotion
    • Advertising
    • Personal selling
    • Sales promotion
    • Public relations
    • Design
  • 4 Aspects of Promotion Mix
    • Advertising
    • Public Relations
    • Personal Selling
    • Sales Promotion
  • Advantages of Public Relations
    • Develop positive attitude for a brand / company
    • Enhance credibility of a product
    • Build good relationship with public
    • Can shape information to meet customer's needs
    • Product demonstration is possible to reinforce selling point
    • Immediate rectification of customer's doubts
    • Able to observe customer's body language
    • Cross-selling and up-selling are also possible
  • Advantages of Advertising
    • Advertised products are viewed as more legitimate
    • Build up a long-term image for a brand/product
    • Gets the retailer's message out to its target market
    • Dramatizes a company's products, impressing potential customers
    • Reaches masses of geographically dispersed buyers at a low cost per exposure
  • Advantages of Personal Selling
    • Can produce a more immediate consumer response
    • Attract more attention and create product awareness
    • Increase sales during promotional period
    • Create price orientation from competitors
    • Enable the company to implement appropriate sales strategies and monitoring of sales target
  • Advantages of Public Relations
    • Develop positive attitude for a brand / company
    • Enhance credibility of a product
    • Build good relationship with public
    • Can shape information to meet customer's needs
    • Product demonstration is possible to reinforce selling point
    • Immediate rectification of customer's doubts
    • Able to observe customer's body language
    • Cross-selling and up-selling are also possible
  • Advantages of Personal Selling
    • Can produce a more immediate consumer response
    • Attract more attention and create product awareness
    • Increase sales during promotional period
    • Create price orientation from competitors
    • Enable the company to implement appropriate sales strategies and monitoring of sales target
  • Disadvantages of Advertising
    • Impersonal and not as directly persuasive as personal selling
    • One-way communication with the audience
    • Can be very costly, requiring large budgets
    • Not a one-time effort
    • Takes a long time to build brand image
    • No immediate sales
    • Difficult to measure
  • Disadvantages of Advertising
    • Impersonal and not as directly persuasive as personal selling
    • One-way communication with the audience
    • Can be very costly, requiring large budgets
    • Not a one-time effort
    • Takes a long time to build brand image
    • No immediate sales
    • Difficult to measure
  • Disadvantages of Public Relations
    • Expensive to execute
    • Depends very much on networking and relationship building
    • High cost per contact
    • Dependent on salesperson's capability to present information
    • Time-consuming as some sessions may be long without response
    • Potential customers are often subjected to pressure selling
  • Disadvantages of Public Relations
    • Expensive to execute
    • Depends very much on networking and relationship building
    • High cost per contact
    • Dependent on salesperson's capability to present information
    • Time-consuming as some sessions may be long without response
    • Potential customers are often subjected to pressure selling
  • Disadvantages of Sales Promotion
    • Short-term benefits may not be sustainable
    • 'Borrowing' from future sales
    • Higher operating cost (e.g. - rental of POS, fixtures & more staffing)
    • Some brands will never go on sales promotion because it 'cheapens' its image
  • Disadvantages of Sales Promotion
    • Short-term benefits may not be sustainable
    • 'Borrowing' from future sales
    • Higher operating cost (e.g. - rental of POS, fixtures & more staffing)
    • Some brands will never go on sales promotion because it 'cheapens' its image