Components of the promotion mix, Marketing Management

Assignment Help:

Components of the promotion mix:-

Promotion Mix comprises 5 elements

1504_Components of the promotion mix.png

i) Advertisement: - It is a non personal appearance of presentation of Good, Ideas, Services by an identified sponsor.

Role of advertisement: -        a) For speedy communication.

b) For communication with masses.

c) For promotion of consumer goods.

ii)Personal selling: - Oral presentation for the function of sale.

Role of personal selling:-       a) For marketing of industrial and technical goods.

b) For the little targeted audience.

c) For costly goods.

iii)Sales promotion: - An instantaneous inducement that adds extra value to the product.

Role of sales Promotion:-      a) Middleman-oriented-sales promotion.

b) For seasonal goods.

c) For immediate increase in sales.

iv)Publicity: - Mgt. of fun that assists public to understand the policies of the organization.

Role of Publicity: -                a) Non-paid formed more credible.

b) Build positive image in mind of ultimate customer.

c) Image is more objective as well as place more confidence.

v) Direct Marketing:- Direct communication with target audience to obtain immediate response and to develop long lasting relationship with the customer.


Related Discussions:- Components of the promotion mix

Define the most important cost concepts, Problem 1: (a) Define the fou...

Problem 1: (a) Define the four most important cost concepts. (b) Describe clearly the statement, ‘Buyer and seller may have different perspectives on what price means'.

Political environment - marketing environment, Political Environment: ...

Political Environment: Economic environment is a by- product of the political environment, as economic and industrial policies followed by a nation very much depends on its

State the methods of price fixation, State the Methods of price fixation ...

State the Methods of price fixation Methods of fixing price can be broadly divided into the subsequent categories. 1. Cost based pricing 2. Competition based pricing 3

Business Plan, I have done a part 1 of my business plan but clueless of how...

I have done a part 1 of my business plan but clueless of how to do the business plan 2 part that i need done. If i send my part 1 of the business plan is it anyway that you can do

What is possession utility in marketing, What is Possession Utility in mark...

What is Possession Utility in marketing? Possession Utility: This utility permits a buyer to use the product as he desires. This is the value that a buyer acquires from

1313, In a production of West Side Story, eight actors are considered for t...

In a production of West Side Story, eight actors are considered for the male roles of Tony, Riff, and Bernardo. Is this a permutation or combination?

Explain about the efficiency rationale for intermediaries, Explain about th...

Explain about the efficiency rationale for intermediaries. Efficiency rationale for intermediaries: Intermediaries occur within the process of exchange and they can enhan

Cyclical or stable earnings, When founded, when listed • Major lines of bus...

When founded, when listed • Major lines of business • Market share • Ranking within industry (e.g., largest of four companies...) • Exports • Major institutional owners (if any), p

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd