With 100% Correct Answers
Marketing - CORRECT ANSWER✔✔Mix of related activities that transfers the idea of value to
customers through the process of exchange
Marketing Mix - CORRECT ANSWER✔✔Promotion
Price
Place
Product
Communication - CORRECT ANSWER✔✔Communication is the process that conveys thought
and shared meanings between individuals, or between organisations and individuals
Marketing communications - CORRECT ANSWER✔✔Facilitates exchanges by targeting a group
of customers
Positions the product away from competitors to offer uniqueness
Shares a common meaning with a target audience
Marketing communications elements - CORRECT ANSWER✔✔Advertising
Marketing public relations
Sponsorship
Personal
Sales promotion
Direct marketing
Point of purchase communications
,Digital marketing communication
Advertising communications - CORRECT ANSWER✔✔Are often regarded as a relatively indirect
form of persuasion, based on information or emotional appeals about product benefits,
designed to create favourable mental impressions that turn the mind toward purchase
Promotions - CORRECT ANSWER✔✔Are often regarded as a more direct form of persuasion,
based frequently on external incentives rather than inherent product benefits. Stimulate
impulse
Advertising - CORRECT ANSWER✔✔Any paid form of non personal communication about an
organisation, idea or product by an identified sponsor
Digital marketing - CORRECT ANSWER✔✔Digital marketing communication includes social
media channels such as FB, youtube, adsense
Personal selling - CORRECT ANSWER✔✔Direct person to person communication whereby a
seller attempts to assist/persuade prospective buyers to purchase a companys product or act on
an idea
Direct marketing - CORRECT ANSWER✔✔A system of marketing by which organisations
communicate directly with target customers to generate a response and or transactions
Publicity/Public relations - CORRECT ANSWER✔✔non personal communication about an
organisation, product or idea that is not directly paid for nor run under identified sponsorship
Rise of digital marketing - CORRECT ANSWER✔✔Traditional advertising media on the decline
Digital media channels on the rise
Mobile, digital communication and social media channels
,Media fragmentation
Need to redefine role of traditional media
The Foundations of IMC - CORRECT ANSWER✔✔Integrated marketing communications
Integration of all marketing activities associated with planning, developing, implementing and
evaluating brand communication programs
Makes use of a combination of marketing communication
Three components of IMC - CORRECT ANSWER✔✔CONCEPT - relies on delivering the marketing
message to all relevant stakeholders
SYNERGY - works to ensure that all marketing communications are coordinated and consistent
PROCESS - determines the types of messages and media channels that will best reach the
chosen market segment
IMC further - CORRECT ANSWER✔✔A strategic process aimed at enhancing brand equity by:
- providing a consistent message
- targeting a group of consumers
- creating unique mental associations
- optimising long-term value of the brand
Features of IMC - CORRECT ANSWER✔✔1. profile the identified target market
2. use the relevant media channel
3. achieve communication synergy
, 4. positively influence the target markets behaviour
5. build customer relationships
Traditional marketing versus IMC - CORRECT ANSWER✔✔Exploring advertising channels outside
the traditional mass media outlets
More focussed communications
Diversity
Optimal return on investment
The marketing communications process - CORRECT ANSWER✔✔The brand is the key to the
marketing communications
Most marketing communications occur at the brand level
Brands can be an invaluable asset
Successful brands can create barriers to entry for competitors
Fundamental marketing communication - CORRECT ANSWER✔✔Positioning
Targeting
Setting objectives
Budgeting