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Retail Promotion 2024
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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
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