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value delivery network
A network composed of the company, suppliers, distributors, and ulitmately, customers who partner with each other to improve the performance of the entire system in delivering customer value.
Marketing channel (distribution channel)
A set of interdependent organizations that help make a product or service available for use or consumption by the consumer or business user.
Channel level
A layer of intermediaries that performs some work in bringing the product and its ownership closer to the final buyer
Direct marketing channel
a marketing channel that has no intermediary levels
Indirect marketing channel
a marketing channel containing one or more intermediary levels
Wholesaler
firm engaged primarily in wholesaling activities
wholesaling
all the activities involved in selling goods and services to those buying for resale or business use
broker
a wholesaler who does not take title to goods and whose function is to bring buyer and sellers together and assist in negotiation
agent
a wholesaler who represents buyers or sellers on a relatively pernament basis, performs only a few functions, and does not take title to goods
retailer
a business whose sales come primarily from retailing
retailing
all the activities involved in selling goods or services directly to final consumers for their personal, nonbusiness us
marketing channel design
Designing effective marketing channels by analyzing customer needs, setting channel objectives, identifying major channel alternatives, and evaluating those alternatives.
Conventional distribution channel
A channel consisting of one or more independent producers, wholesalers, and retailers, each a separate business seeking to maximize its own profits, perhaps even at the expense of profits for the system as a whole.
Vertical marketing system
A channel structure in which producers, wholesalers, and retailers act as a unified system. One channel member owns the others, has contracts with them, or has so much power that they all cooperate.
Franchise organization
A contractual vertical marketing system in which a channel member, called a franchisor, links several stages in the production-distribution process.
Horizontal marketing system
A channel arrangement in which two or more companies at one level join together to follow a new marketing opportunity
Multichannel distribution system
A distribution system in which a single firm sets up two or more marketing channels to reach one or more customer segments
Omni-channel retailing
Creating a seamless cross-channel buying experience that integrates in-store, online, and mobile shopping.
Intensive distribution
Stocking the product in as many outlets as possible.
Exclusive distribution
Giving a limited number of dealers the exclusive right to distribute the company’s products in their territories.
Selective distribution
The use of more than one but fewer than all of the intermediaries that are willing to carry the company’s products.
Marketing channel management
Selecting, managing, and motivating individual channel members and evaluating their performance over time.
Channel conflict
Disagreements among marketing channel members on goals, roles, and rewards—who should do what and for what rewards.
Horizontal conflict
Conflict occurs among firms at the same level of the channel.
Vertical conflict
Conflict occurs between different levels of the same marketing channel.
Disintermediation
The cutting out of marketing channel intermediaries by product or service producers or the displacement of traditional resellers by radical new types of intermediaries.
Marketing logistics (physical distribution)
Planning, implementing, and controlling the physical flow of materials, final goods, and related information from points of origin to points of consumption to meet customer requirements at a profit.
Supply chain management
Managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers.
Multimodal transportation
Combining two or more modes of transportation.
Integrated logistics management
The logistics concept that emphasizes teamwork—both inside the company and among all the marketing channel organizations—to maximize the performance of the entire distribution system.
Third-party logistics (3pL) provider
An independent logistics provider that performs any or all of the functions required to get a client’s product to market
Despatch rider
Someone who works for a courier company delivering small items by motorbike.
Courier service
A business specializing in rapid delivery of small items, usually by van or motorbike.
Above the line
ATL strategies focus at directing the communication towards the mass market. All promotional messages are untargeted, meaning they do not focus on a specific target group
Below the line
BTL activities are more focused and they are directed towards specific groups of customers.
Through the line
TTL advertising involves an integrated approach where both ATL and BTL strategies are combined. The objective here is to get a holistic view of the market and communicate with customers in every way possible.
Informative advertising
Informative advertising is advertising that is carried out in a factual manner. This form of advertising relies solely on the goods or services strengths and features, rather than trying to convince customers to buy a product using emotion.
Persuasive advertising
Persuasive advertising is a method of advertising that attempts to convince a consumer to purchase a product or service by appealing to their needs and desires.
Reminder advertising
Reminder advertising is the process of creating ads that are meant to remind your audience that your product or service is available.
Identified sponsor
Identified sponsor is an individual, company, institution or organisation which takes responsibility for the initiation, management and/or financing of the advertisment.
Advertising message
An advertising message is the general idea that an ad will convey to the target audience.
Message strategy
Message strategy tells us what we should say to our target market.
Message execution
The framework of execution refers to the message approach that will be used to present the advertising appeal or communicate the brand. Within the executional frame an advertising appeal is used to express the message.
Advertising appeals
Advertising appeals are communication strategies that marketing and advertising professionals use to grab attention and persuade people to buy or act.
Slice of life advertising
Slice-of-Life Advertising is an advertising technique in which a real life problem is shown in a dramatic presentation and the product advertised represents the solution to the problem.
Lifestyle
Lifestyle Marketing is a marketing technique that positions the product or service to possess ideals, aspirations, and aesthetics that the target audience identifies with
Fantasy
Fantasy Advertising is a form of advertising that describes a product/service in a manner that so deviates from reality, or real-life portrayal that no reasonable consumer could interpret the advertisement as portraying an actual capability or appropriate use of the vehicle.
Musical advertising
Generally, music ads are commercial tracks integrated into electronic media advertisements for selling a product or business advertisement to the masses.
Testimonial evidence
Testimonial evidence is where a person praises the product or service on the basis of his or her personal experience with it. Testimonial executions can have ordinary satisfied customers discuss their own experiences with the brand and the benefits of using it.
Reach
The number of different persons or households that are exposed to a particular media schedule at least once during a specified time period
Frequency
The number of times within the specified time period that an average person or household is exposed to the message.
Impact
The qualitative value of an exposure through a given medium.
Outdoor advertising
Outdoor advertising, also known as out-of-home advertising, is advertising that reaches consumers when they are outside their homes.
Consumer promotion
Consumer promotions are tactics or techniques designed to help a business find new customers or reward current customers
Trade promotion
Trade Promotions provide incentives for intermediaries to encourage them to sell more.
samples
offter a free amount of a product or service
coupons
certificates offering a stated saving on the purchase of a specific product
cash refunds
a sales promotion tool in which consumers are offered a cash incentive to buy; a small part of the purchase price is refunded when a coupon attached to the product is returned to the manufacturer; also referred to as a Cash-back offer or Cash Rebate
Premiums
in marketing, premiums are promotional items: toys, collectables, souvenirs and household products - that are linked to a product, and often require proofs of purchase such as box tops or tokens to acquire
point of purchase promotion
Sale promotions tool that is intended to draw the customers’ attention to products. These may be new products, a special offer, or may promote special events, such seasonal or holiday-time sales. POP displays can include: shelf edging, window display, banners, etc.
Contest
Contests are promotion tool that capitalizes on the consumer desire for free stuff.
Direct marketing
A system of marketing by which an organization communicates directly with customers to generate a response and/or transaction.
Customer database
A customer database is the collection of information that is gathered from each person. The database may include contact information, like the person’s name, address, phone number, and e-mail address. The database may also include past purchases and future needs.
Direct mail marketing
A strategy is used by marketers to engage prospects and customers offline by sending printed mailers, dimensional packages, perishable items, corporate swag, or other physical items.
Telephone marketing/Telemarketing
Telephone marketing is a form of direct marketing, which means that rather than using some form of mass media to reach consumers, companies contact consumers individually by mail, telephone, voice mail, or email.
Direct-response television marketing
Direct response television (DRTV) marketing refers to any television commercial which prompts viewers to contact the company directly.
Kiosk marketing
A kiosk refers to a small, temporary, stand-alone booth used in hightraffic areas for marketing purposes.
Mobile phone marketing
Mobile marketing is any advertising activity that promotes products and services via mobile devices, such as tablets and smartphones.
Online marketing
Online marketing is the practice of leveraging web-based channels to spread a message about a company’s brand, products, or services to its potential customers.
Personal selling
Personal presentations by the firm’s sales force for the purpose of engaging customers, making sales, and building customer relationships
salesperson
a saleperson are enthsiastic individuals with resilience and they take the time to get to know their customers’ needs, show empathy, and deal in a product in confidence. They also know how to handle rejection, and learn from both their most successful deals and ones lost.
Salesforce management
It is the development of a sales force that includes coordination of sales operations, as well as the training and application of sales methods that result in achieving sales goals and objectives. For the business to make revenue, a sales force management strategy is critical
Territorial sales force structure
Territorial sales force structure refers to a sales force organization that assigns each salesperson to an exclusive geographic territory in which that salesperson sells the company’s full line of products or services to all customers in that territory.
Product sales force structure
Product sales force structure refers to a sales force organization in which salespeople specialize in selling only a portion of the company’s products or lines.
Customer sales force structure
Customer (or market) sales force structure refers to a sales force organization in which salespeople specialize in selling only to certain customers or industries.
Complex sales force structure
Complex sales force structure refers to a structure where a wide variety of products is sold to many types of customers over a broad geographic area. This structure combines other kinds of sales force structures
Selling process
The interaction between a seller and a potential buyer or client. The selling process for all salespeople generally follows seven steps that can lead to increased sales and greater customer satisfaction
Prospect and qualifying
Before planning a sale, the company studies to identify the people or companies who might be interested in its product or service.
Pre-approach
Before making a sales call, email or visit, it is important to research the customer and planning what should be said.
Approach
The sales step in which a salesperson meets the customer for the first time.
Presentation and demonstration
When salespeople are going to present their product or service to the target market; then they should communicate the effectiveness of the product that how it’ll add value in their lives
Handling objections
The sales step in which a salesperson seeks out, clarifies, and overcomes any customer objections to buying.
Closing
The sales step in which a salesperson asks the customer for an order
Follow-up
The sales step in which a salesperson follows up after the sale to ensure customer satisfaction and repeat business
Public relations
Building good relations with the company’svarious publics by obtaining favorable publicity, building up a good corporateimage, and handling or heading off unfavorable rumors, stories, and events.
Publication
Published materials to reach and influence target markets, including annual reports, brochures, articles, printed and on-line newsletters and magazines, and audiovisual materials
Events
A public relations tool that draws the attention of target audience by hosting special gatherings/activities like press conference, customer appreciation events, seminars, etc.
News
A public relations tool that utilizes news articles writing on the company or its products in a favorable way.
Community involvement
Community involvement is meaningful, consistent participation in activities that support and improve upon social wellbeing.
Identity media
Distinctive visual identity of a company, especially used in other public relations tools like events or community involvement.
Lobby
Lobbying is a discipline within public relations where the general intention of the activity is to inform and influence public policy and law.
Sponsorship
A company spends money to support an issue, cause, or event that is consistent with corporate objectives, such as improving brand awareness or enhancing corporate image.
Service
any act, performance or experience that one party can offer to another, one that is essentially intangible and does not result in the ownership of anything
Service intangibility
Services cannot be seen, tasted, felt, heard, or smelled before they are bought.
Service inseparability
Services are produced and consumed at the same time and cannot be separated from their providers.
Service variability
The quality of services may vary greatly depending on who provides them and when, where, and how they are provided.
Service perishability
Services cannot be stored for later sale or use
Low contact service
services that require minimal or no direct contact between customers and the service organization.
Medium contact service
services that involve only a limited amount of contact between customers and elements of the service organization
High contact service
services that involve significant interaction among customers, service personnel, and equipment and facilities