Explain the role of direct marketing, Marketing Management

Assignment Help:

Q. Explain the Role of direct marketing?

Role of direct marketing:- a) Focus is on literate customer.

b) For service marketing like insurance, Banking, telecommunication.

c) For expensive goods mainly.

Procedure of Determining Promotion - Mix Determination of promotion mix demotes to selection and combination of different elements of promotion mix for achieving the promotional objectives. Following procedure is utilized for determining the promotion mix.

1) Consider all availability of promotion methods: these can be sales promotion, personal selling, advertising, direct marketing and publicity and so on.

2) Select optimum promotion mix: tools are united in such a way that communication objectives are achieved at minimum cost. Every tool has its merits and demerits. Most favourable promotion mix is the best combination of different promotional tools.

3) Appropriation of the promotion mix:- Total promotional financial plan is appropriate among different elements of promotion mix. Budgeting methods are marginal revenue method, % method, judgment method, quantitative methods etc.

4) Evaluation of Effectiveness of different Promotional-tools:- Comparing definite results with pre decided promotional tools. Evaluation tools assist the business firm to amend or rectify these promotional tools.


Related Discussions:- Explain the role of direct marketing

Public or transport carriers in distribution channels, Explain about the pu...

Explain about the public carriers or transport carriers in distribution channels. Public carriers or transport carriers: Transportation makes a cost centre within distrib

Introduction to product-life cycle, Product life cycle Meaning and def...

Product life cycle Meaning and definition: like a human being, all products have a certain length of life during which they pass through certain identifiable stages. Through

Marketing plan for a new tourism venture, Assignment Objective The overa...

Assignment Objective The overall objective of the assignment is for you to complete a marketing plan for a new tourism venture in your selected country and one that will lead to

7ps, how the hotel industry use 7ps

how the hotel industry use 7ps

How should marketing deliver value, How should marketing deliver value? ...

How should marketing deliver value? It is the nature of marketing. Marketer has to track customer requirements and deliver the product as per their needs. The company should sa

Communication plan, i need a plan for pop up shops in airports and hotels f...

i need a plan for pop up shops in airports and hotels for cosmetic products, also budgeting for 2 years

Explain about the increased benefits by retaining customers, Explain about ...

Explain about the increased benefits by retaining customers of a firm. Increased Revenue: When a customer stays along with a company for longer time, the possibilities of

Explain the most common challenges of global competition, Question : (a...

Question : (a) Differentiate between the terms "efficiency and "effectiveness" within the management context. (b) Identify and clearly explain the four most common chall

Competitiveadvantages, importance of Balancing Customer and Competitor Orie...

importance of Balancing Customer and Competitor Orientations

Define the term total quality management, Define the term total quality man...

Define the term total quality management. TQM is stands for total quality management: In a strategic context, QM is most accurately categorized as a tactic for carrying o

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