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Steps in The International Marketing Process
Encoding, message channel, decoding, receiver, noise, feedback, and information source
Encoding
Message translation into appropriate meaning
Message channel
Addressing media and/or personal sales force
Decoding
Encoding message interpreted into meaning
Receiver
Action by consumer responding to decoded message
Feedback
Evaluation of communication process and measure of action by receiver
Information Source
Marketer with a product
Regional Segmentation
Pan-European communications media highlighting need for more standardized promotional efforts; Costs savings with a common theme in uniform promotional packaging and design; Legal restrictions slowly being eliminated
Integrated marketing communications
Composed of advertising, sales promotions, trade shows, personal selling, direct selling, and public relations
who uses the Integrated marketing communications
used by organizations to brand and coordinate their communication efforts
how does The American Association of Advertising Agencies define IMC
“a comprehensive plan that evaluates the strategic roles of a variety of communication disciplines and combines these disciplines to provide clarity, consistency and maximum communication impact.”
What trends have driven the transition from mass communications to integrated marketing communications
A larger focus on data-based marketing vs. general-focus advertising and marketing
on performance-based compensation
on accountability in advertising
two way communication
The communications process involves two or more persons exchanging words or symbols.
Trade allowances
Short-term incentives offered to retailers to stock up on a product.
Dealer loaders
Incentives used to persuade retailers to purchase and display a product.
Trade contests
Contests used to reward retailers that sell the largest quantity or highest units of a brand’s product.
Training programs
Training instructing dealer employees in selling the brand’s product.
Push money (also known as “spiffs”)
Extra commission paid to retail employees to push products.
Trade discounts (also called functional discounts)
Payments to distribution channel members for performing certain functions.
The primary driver behind an integrated marketing communications (IMC) strategy is to
Create a seamless experience via all different aspects of marketing mix with unified communications across all message channels
Advertising __________________.
involves paying to disseminate a message that identifies a good or service or an organization being promoted to many people at one time
In essence, the marketing objectives of segmentation analysis are:
To reduce risk in deciding where, when, how, and to whom a product, service, or brand will be marketed
To increase marketing efficiency by directing effort specifically toward the designated segment in a manner consistent with that segment’s characteristic
Social media used as a marketing tool provides useful and valuable measurable data on which of the following?
Customer interactions, feedback, and buying habits
While browsing the Internet, a web user navigates to an online banking website. The user then decides to click to another website offering music streaming. A banner ad appears on the music streaming website promoting online checking and banking. This type of online advertising can be best described as
display advertising
Any influence that the company of manufacture, assembly, or design has on a customer’s positive or negative perception of a product is called the
Company of origin effect
True or False. Sales promotions are marketing activities that stimulate consumer purchases and improve retailer or middlemen effectiveness and cooperation.
true
Based on the lecture, what was the reason that Siemen's Print Ad failed in Hong Kong?
The consumers in Hong Kong did not understand the picture used
Advertising is considered effective when it communicates that the product is _________.
Different and better than the competition
The most significant use of segmentation is that it is a means of __________.
Minimizing risks by identifying targets with similar buying habits an using marketing tactics and selling products that are most likely to appeal to them
True or False. Physical distribution refers to the inflow of raw materials, parts, and supplies to the firm.
False
When a sender is forming a message and the receiver is listening to or reading it, they are doing what?
encoding and decoding
Which of these is an example of push promotion?
Social media / trade shows m