Promotion (Leaving Cert Business): Flashcards

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Promotion
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Promotion definition

Communication to influence & persuade customers to buy

4 components of promotional mix

Advertising, personal selling, sales promotion, public relations

Advertising definition

Paid-for communication through media channels

Informative advertising purpose

Provides facts, used when launching new products

Generic advertising target

Entire industry, not brands (e.g., 'Drink more milk')

TV ad cost (20-sec peak slot)

Around €4,000

Sales promotion definition

Short-term incentives to stimulate immediate sales

How sales promotion differs from advertising

Direct incentive to buy vs persuasion through information

Public relations definition

Creating & maintaining positive public image

PR sponsorship example

Supporting GAA teams, events, or athletes like Rhasidat Adeleke

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