Promotion (Edexcel A-Level Business): Flashcards

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Promotion
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Definition of promotion

Key element of marketing mix drawing attention to products

Above-the-line promotion

Advertising through paid media channels like TV & newspapers

Below-the-line promotion

All promotional methods not involving paid media advertising

Purpose of informative advertising

Raising consumer awareness with factual product information

Purpose of persuasive advertising

Influencing consumer behavior by appealing to emotions

Purpose of reassuring advertising

Targeting existing customers to confirm their purchase decision

What does BOGOF stand for

Buy One Get One Free

Public relations (PR)

Managing communication between businesses and stakeholders

Definition of branding

Giving products distinctive names, symbols, logos, or designs

Strong brands pricing benefit

Can charge premium prices higher than competitors' offerings

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