The Marketing Mix: Promotion (Leaving Cert Business): Flashcards

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The Marketing Mix: Promotion
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Four elements of promotional mix

Advertising, sales promotion, public relations, personal selling

Three purposes of advertising

Inform, persuade, and remind customers

Advertising medium

Method/channel to communicate message to consumers

Sales promotion

Short-term marketing incentive to attract consumers

Sales promotion techniques

Price reductions, deals, coupons, samples, prizes, free draws

Customer loyalty programmes

Reward returning customers with discounts, points, cashback

Public relations (PR)

Activities to create positive public image for products

Sponsorship in PR

Paying to display product names/logos at events/locations

Purpose of celebrity endorsements

Increase sales and positively impact profits

PR challenge vs advertising

Can't fully control how messages are received/interpreted

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