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MKT 350 Exam 5 - Courtney Pham Study Set

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MKT 350 Exam 5 - Courtney Pham Study Set...

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MKT 350
Course
MKT 350

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MKT 350 Exam 5 - Courtney Pham Study Set

Integrated Marketing Communications - ANSWER Coordination of promotion
and other marketing efforts for maximum informational and persuasive effect.

The major goal is to send a consistent message to customers.

Major goal of Integrated Marketing Communications - ANSWER send a
consistent message to customers

The Communication Process - ANSWER Communication, Source, Receiver,
Encoding Process, Communication Channel, Decoding Process, Noise,
Feedback, Channel Capacity

Communication - ANSWER A sharing of meaning through the transmission of
information

Source - ANSWER person, group, or organization with a meaning it tries to share
with the audience

Receiver - ANSWER individual, group, or organization that decodes a coded
message. The audience

Encoding Process - ANSWER Converting meaning into series of signs or
symbols

Communications Channel - ANSWER medium of transmission that carries the
coded message from source to receiver

Decoding Process - ANSWER Conversion of signs or symbols into concepts and
ideas

Noise - ANSWER anything which reduces communications clarity and accuracy

Noise - ANSWER Occurs during encoding and decoding when people from
different cultures stumble over each other's languages.

Encoding - ANSWER sender

Decoding - ANSWER Receiver

, Feedback - ANSWER receivers response to the message

channel capacity - ANSWER limit on volume of information communication
channel can handle effectively

Promotion - ANSWER Communication to build and maintain relationships by
informing and persuading one or more audiences

The Role and Objectives of Promotion - ANSWER 1) Create awareness
2)Stimulate demand
3)Encourage product trial
4)Identify prospects
5)Retain loyal customers
6)Facilitate re-seller support
7)Combat Competitive promotional efforts
8) Reduce Sales fluctuations

Create Awareness - ANSWER Crucial to initiating product adoption process

Refresh interest in existing brands and products

Stimulate Demand - ANSWER primary demand, pioneer demand, and selective
demand

Primary Demand - ANSWER is demand for product category rather than for a
specific brand

Primary Demand - ANSWER Person wants coffee but does not care what brand

Pioneer Promotion - ANSWER informs consumers about new product

Selective Demand - ANSWER is demand for a specific brand

Selective Demand - ANSWER Customer wants coffee and it must be Starbucks
coffee

Encourage Product Trial - ANSWER free samples, coupons, test drives, limited
free-use offers, contest, games

Identify Prospects - ANSWER Customer-response promotions generate sales
leads

Retain Loyal Customers - ANSWER Cheaper than acquiring new ones

Frequent-user programs

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MKT 350
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