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

Explain the stage involved in the product life cycle concept, QUESTION 1 ...

QUESTION 1 (a) Explain the stages involved in the Product Life Cycle concept and their relevance in marketing decision making. You may use any product/service as an example to

Hyperbola , How do I know if the hyperbolas are vertical or horizontal?

How do I know if the hyperbolas are vertical or horizontal?

Discuss the implications of dd''s activities, The DD drinks company was fou...

The DD drinks company was founded over one hundred years ago by a deeply religious family and has been recognised as being a good employer ever since. The company has a long histor

Mcom, the various approaches that are followed by FMCG companies in test ma...

the various approaches that are followed by FMCG companies in test marketing

What is position on product features, What is position on product features?...

What is position on product features? Position on Product Features: Product may be positioned upon basis of its features onto advertisement might effort to position the p

Introduction to pricing decision, Introduction to pricing decision: ...

Introduction to pricing decision: Pricing is a very critical decision in the marketing management. The main objective of the firm, that is, to earn a profit very much depend

What are the marketing objectives, What are the marketing objectives Th...

What are the marketing objectives This mix is assembled keeping in mind the needs of target customers and it varies from one organisation to another depending upon its availabl

Explain about the line extension, Explain about the Line Extension. L...

Explain about the Line Extension. Line Extension: Line extension considers additions to an existing product line of a company within a specified category to fill out the

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