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MKT 3
MKT 3
75
Aerospace Engineering
Kindergarten
04/21/2010

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Cards

Term
Illy Coffee Products-which is true
Definition
US retailers raise coffee prices when beginning to sell
Term
Denny's=which is true
Definition
Grand Slam give away is trade promotion
Term
Non traditional Media-which is true
Definition
Spending on promotion in non traditional media is increasing
Term
Pampered chef and longaberger baskets--Transactions in home setting
Definition
direct retailing
Term
supermarkets and long term relationships
Definition
create and use loyalty marketing programs
Term
Communication process consist of
Definition
encoding, decoding, channel, sender, and receiver
Term
interpretation of language and symbols sent by source through channel
Definition
decoding
Term
basic tasks performed by promotion
Definition
persuading
Term
informative promotion is used
Definition
during early stage of product life
Term
american plastic counsel- wants to stimulate consumer demand for products packaged in plastic. there are ads ran in consumer magazines and these cause customers to ask retailers to carry more products in plastic
Definition
pull strategy
Term
All activities directly related to sale of goods and services to ultimate consumer personal and nonbusiness
Definition
retailing
Term
which is the best example of a retailer
Definition
real estate company
Term
around the world, most retailers are __, operating one or few stores in their community, owned by a single person
Definition
independent retailer
Term
Retail stores owned and operated as a group by a single organization. Administrative and purchasing tasks are handled at the home office
Definition
chain stores
Term
high gross margin, narrow product assortment, high service
Definition
specialty store
Term
several department stores under one roof, wide variety shopping
Definition
department store
Term
type of store and method of retail operations== deep but narrow assortment
Definition
specialty store
Term
large departmentalized, self service retailers-- wide assortment of food and non food items
Definition
membership wholesale clubs
Term
supermarkets that offer wide variety of nontraditional goods/service under one roof
Definition
scrambled merchandising
Term
low price, high turnover, high volume
Definition
discount stores
Term
nationally branded hard goods and offer very limited service--national chains dominate
Definition
full line discount stores
Term
specialty stores (office depot and staples) are category killers
Definition
destroy profit potential for category of merchandise for other retailers
Term
Shopping without visiting the store and growing faster than instore shopping. there is a consumer demand for convenience
Definition
non store retailing
Term
continuing relationship which individual or business grants business right to operate/sell product to another individual/business
Definition
franchise
Term
which is true of retailer promotion strategies
Definition
goal of retail promotion mix position store in consumer's mind
Term
communication by marketers to inform, persuade, and remind to influence opinion or elicit a response
Definition
promotion
Term
main function of promotional strategy
Definition
convince target consumers that firm's product offers competitive advantages over the competition
Term
american plastic council creates demand for products packaged in plastic. Council developed ___ that sets out how it will use all elements of promotion mix to create coordinate plan become part of marketing strategy
Definition
promotional strategy
Term
promotional mix consists of
Definition
advertising, personal selling, sales promotion, public relations
Term
increase revenue, US airways well space on airsick bags for promotional message. air bag is used for
Definition
advertising
Term
marketing function evaluates public attitudes, identifies areas of public interest, executes program of action
Definition
public relation
Term
Steel recycling unit promotes recycling steel products- plan that stimulates consumer demand is an example of
Definition
Publicity
Term
$1 off coupon carnation instant breakfast is an example of
Definition
sales promotion
Term
Volvo cars brings traffic to dealership with pirates of carribean. This is an example of
Definition
sales promotion
Term
Java jacket sent a rep to all really big companies
Definition
personal selling
Term
for communication to be effective
Definition
marketing managers must ensure proper match between message to be conveyed and target markets attitudes and ideas
Term
3 basic task of promotion
Definition
informing, persuading, reminding
Term
promotional mix elements emphasized for products in the growth stage
Definition
personal selling and persuasive advertising
Term
Audio cassettes--products in decline
Definition
none of these is true
Term
Promotional mix elements effective helping highly involved customers with complex buyer decisions
Definition
personal selling
Term
Procter and gamble--Dish Dish Liquid--use TV, billboards, and radio--these are all associated with
Definition
Advertising
Term
Companies with new brands have small markets spend proportionately more for ad/sale promotion compared to larger companies
Definition
achieve certain minimum level of exposure to measureably affect purchase habits
Term
How does advertising affect customers
Definition
changes negative attitudes to positive
Term
procter and gamble--children safe drinking water-employees teaching people around the world to purify water. this is an example of
Definition
institutional
Term
General Motors runs magazine encouraging purchases of Cadillac. What is this an example of?
Definition
Product advertising
Term
Edible arrangements-fruit cut to mimic flowers. Tried to convince people it's not a novelty product but a way to show someone how you feel-this is using
Definition
pioneering advertising
Term
Influence demand for specific brand of goods/service-has less info and more emotion-about brand name and recall
Definition
competitive adverstising
Term
Frito Lay-TV and print advertising-trying to get people to buy Frito stax over pringles
Definition
comparative advertising
Term
Microsoft-"I'm tied to my desk era" is over
Definition
unique selling promotion
Term
Tilex mold and mildew-ads show it being applied to shower and mildew disappearing
Definition
demonstration execution style
Term
"Fresh lemon taste made easy"-realemon juice-what ad appeal is used
Definition
convenience
Term
sun trust bank ad shows woman filling her bird feeder and squirrels getting into the bird feeder-other investment bankers dip into your funds
Definition
slice-of-life
Term
timely and geographically flexible
Definition
newspaper
Term
manufacturer pays percentage of ad cost for an ad-a retailer places the manufacturers brand
Definition
cooperative
Term
why would a retailer avoid the use of newspaper advertising
Definition
little demographic selectivity
Term
What has extreme market selectivity
Definition
magazine
Term
what is the advantage of TV and advertising
Definition
ability to reach wide and diverse audiences
Term
outdoor advertising
Definition
flexible low cost medium that can take many forms
Term
sales promotion
Definition
offers short term incentive to buy
Term
what are 2 types of sales promotion
Definition
consumer and trade
Term
harper collins and sutter homes partnership and put neckhangers on bottle of wine for $2 off harper collins book. the neckhanger is an example of
Definition
in store coupon
Term
how do stores overcome low redemption rates on coupons
Definition
marketers are doing all of these
Term
Jane Ming purchased southern living and received a free cookbook. the free cookbook is an example of
Definition
a premium
Term
Hugo buys a 12oz soda. He gets a stamp on his card. for every eight stamps he gets a free soda. this is an example of
Definition
frequent buyer program
Term
Seagrams coolers asked bartenders in NYC to submit their own recipe and the winning recipe won prizes. What is this an example of
Definition
sweepstakes
Term
comcast cable mailed CD to businesses that would benefit them. All of these businesses are prospects for comcast's services. this CD is an example of
Definition
a sampling
Term
Maureen Kye was given a DVD of pirates of the carribean so she could suggest people buy it. the DVD is an exampleof
Definition
trade sales promotion
Term
knowledge business depend on repeat sales is basis of
Definition
relationship selling
Term
prospecting-ID of those firms and people most likely to buy sellers offerings
Definition
lead generation
Term
morris hutch-selling a machine to a customer-"When would you like me to schedule the delivery of your new machine"-what's this an example of?
Definition
closing the sale
Term
Convenience, pricing objectives divided into 3 categories
Definition
profit oriented, sales oriented, and status quo
Term
Companies pricing objectives to meet competition or maintain existing prices
Definition
status quo
Term
hostlight industries-moderately priced motels-filling unused rooms
Definition
yield management
Term
determine what sales volume must be reached for a product before the company's total cost equal total revenue and no profits are earned
Definition
price equilibrium analyses
Term
limitation associated with break even analyses
Definition
sometimes difficult to ascertain whether a cost is fixed or variable
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