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31 Terms
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Integrated Marketing Communication (IMC)
ensures all forms of comm. and messages are carefully linked together (synthesizing tools), focuses on brand building by designing and delivering unified professional messages and experiences
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5 Ps of Marketing
product, price, place, promotion, people
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Brand
your “promise” to the customer
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IMC Toolbox
PR, advertising, out-of-home and transit, direct marketing, sales promotion, internet and social media, mobile, alternative media, personal selling
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Personal Selling
face-to-face communication about an organization’s products, services, and ideas (7 steps in sales process)
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PR
unpaid form of comm. to a target market, creates new value for the organization
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Advertising
paid form of strategically places comm. to a target market, initiates a transaction/call to action
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Out-of-home and Transit
advertising outside the home, “on the move”
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Direct Marketing
direct response, direct mail/catalogs/infomercials/telemarketing, databases target individuals/households
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Sales Promotion
incentives/motivators to entice potential customers
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Internet/Social Media
targeted info. sharing, pushes to a website, brand awareness
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Mobile
strategic comm. on a device a customer owns
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Alternative Media
clean, printable surface to deliver an advertisement
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Consumer Behavior
the study of the processes involved when individuals/groups select, purchase, use, or dispose of products, services, ideas, or EXPERIENCES to satisfy needs and desires
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Demographics
tangible and quantifiable characteristics of a population
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Psychographics
intangible and qualifiable characteristics of a population
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Role Theory
much of consumer behavior resembles actions in a play, you step into a role (Disney World, yoga studios, etc.)
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Pop Culture
media/entertainment the mass market consumes, both a product of and an inspiration for marketers
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Why capitalize on pop culture?
increases revenue, broadens target market, covers generation gap
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Learning
a relatively permanent change in behavior caused by experience
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Incidental Learning
casual/unintentional acquisition of knowledge
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Classical Conditioning
occurs when a stimulus that elicits a response is paired with another stimulus that initially does not illicit a response on its own, Pavlov
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Pavlov’s Experiment
dog, bell rings for food so drool, eventually bell ring brings drool)
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Applications of Classical Conditioning
repetition (slogans, logos, jingles), family branding, product line extension, licensing, look-alike packaging
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Instrumental Conditioning (Operant Conditioning)
occurs when we learn to perform behaviors that produce positive outcomes and avoid those that yield negative outcomes
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Applications of Instrumental Conditioning (Operant Conditioning)
positive reinforcement, frequency marketing
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Cognitive Learning
approaches stress the importance of internal mental processes
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Observational Learning
when people watch others’ actions and note reinforcements they receive for their behaviors, learning occurs as a result of vicarious rather than direct experience
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Observational Learning Process
attention, retention, production processes, motivation
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Memory
the process of acquiring info. and storing it over time so it will be available when we need it