DECA Marketing KPI

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78 Terms

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What is the role of promotion in marketing?
Promotion communicates with customers to influence, inform, or persuade their purchasing decisions, affecting branding, customer loyalty, and profit maximization.
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What are the two classes of promotion?
The two classes of promotion are personal promotion (personal selling) and non-personal promotion (advertising, public relations, and sales promotions).
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What is personal selling?
Personal selling is a promotional strategy involving direct contact between a salesperson and a customer, allowing two-way communication.
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List the elements of the promotional mix.
The elements of the promotional mix include advertising, public relations, sales promotion, personal selling, and direct marketing.
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What are some ethical pitfalls in advertising?
Pitfalls include truth and honesty issues, violence and profanity issues, taste and controversy issues, and negative attack issues.
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How has technology impacted promotion?
Technology has expanded promotional channels, enabled global media reach, fostered interactive promotions via social media, and improved customer data management.
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Describe the regulation of promotion.
Promotion is regulated through self-regulation by the industry, federal regulation by the FTC, and state regulations to prevent unfair practices.
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What are common promotional methods used in the hospitality and tourism industry?
Common methods include personal selling, advertising (print, broadcast, specialty), public relations, and sales promotions.
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Identify types of advertising media.
Types of advertising media include broadcast media, print media, specialty media, and online media.
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What is word-of-mouth marketing?
Word-of-mouth marketing is based on the exchange of information from one person to another, which can influence customer decisions.
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What are direct marketing channels?
Direct marketing channels reach consumers without formal channels, including direct mail, email marketing, telemarketing, and face-to-face selling.
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What are communication channels for sales promotions?
Channels include consumer sales promotions (e.g. coupons) and trade sales promotions (e.g. trade allowances).
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What are important aspects of public relations activities?
Public relations use tools like press releases, press kits, and press conferences to communicate with the media.
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How does buzz marketing work?
Buzz marketing creates excitement or anticipation about a product through consumer interactions that amplify the marketing message.
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What is referral marketing?
Referral marketing involves existing customers spreading the word about a product or service.
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Define product placement.
Product placement is an advertising technique that features products in movies or TV shows to increase exposure.
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What are effective advertising layouts?
Effective layouts include having a clear message, using an updated logo, a suitable color scheme, and correct size and typography.
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Explain the use of mobile marketing tactics.
Mobile marketing includes sending text messages, making calls, and distributing coupons to customers to enhance engagement.
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Describe the importance of coordinating elements in advertisements.
Coordinating elements ensure that features and benefits of the product are highlighted, appealing to customer needs.
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What is digital marketing?
Digital marketing encompasses all online marketing efforts, leveraging channels like email and social media.
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What is the purpose of social media in marketing?
Social media is used to promote businesses or products, engaging audiences through platforms like Facebook and Instagram.
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What is blogging's role in marketing communications?
Blogs allow businesses to share insights, promote products, and connect with customers in an informal, engaging way.
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How do companies use quality control?
Quality control involves measures to ensure products meet standards and achieve customer satisfaction.
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What is supply chain management?
Supply chain management is the coordination of supply-side activities to maximize customer value and gain competitive advantage.
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Define operational CRM.
Operational CRM provides support to front-office business processes such as sales, marketing, and customer service.
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Describe the nature of agency relationships.
Agency relationships involve a consent where one party acts on behalf of another, including employer-employee interactions.
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What is the purpose of a marketing plan?
A marketing plan outlines a business's current market position and marketing strategy for a specific time frame.
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Explain the importance of customer relationship management (CRM).
CRM involves finding and retaining customers, utilizing shared customer information to improve satisfaction and loyalty.
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