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Exam (elaborations)

Advertising Exam #1 (Chapters 1-5) || A+ Verified Solutions.

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Marketing Communications correct answers Various effort and tools used to communicate with customers and prospects (newspaper ads, event sponsorship, publicity, telemarketing, digital ads, coupons, ext.) Advertising correct answers The structured and composed non personal communication of information. Usually paid for and usually persuasive in nature. It is about (products, services and ideas) Consumers correct answers People who buy products and services for their own, or someone's personal use Public Service Announcement (PSA) correct answers advertising servicing the public interest, often for nonprofit organizations, carried by the media at no charge Goods correct answers Tangible products, soap, suits, and soft drinks Services correct answers Bundle of benefits that may or may not be physical, temporary in nature, and come from the completion of a task Ideas correct answers Economic, political, religious or social viewpoints that advertising may attempt to sell Product correct answers good or service a company sells Medium correct answers communication vechile Word of Mouth (WOM) correct answers passing info, especially product recommendations in an informal, unpaid, personal manner Mass Media correct answers Print or broadcasting media that reach very large audiences (radio, TV, magazines, billboards) Marketing correct answers Organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in a way that benefits the organization and stakeholders Process correct answers Sequence of actions or methods aimed at satisfying the customer needs profitably Marketing Mix correct answers 4Ps (Product, Price, Place, Promotion) can be added or subtracted to create desired marketing strategy Advertising strategy correct answers Objective declares what the advertisers wants to achieve with respect to consumer awareness, attitude, and preference

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Advertising Exam #1 (Chapters 1-5) || A+ Verified Solutions.
Marketing Communications correct answers Various effort and tools used to communicate with
customers and prospects (newspaper ads, event sponsorship, publicity, telemarketing, digital ads,
coupons, ext.)

Advertising correct answers The structured and composed non personal communication of
information. Usually paid for and usually persuasive in nature. It is about (products, services and
ideas)

Consumers correct answers People who buy products and services for their own, or someone's
personal use

Public Service Announcement (PSA) correct answers advertising servicing the public interest,
often for nonprofit organizations, carried by the media at no charge

Goods correct answers Tangible products, soap, suits, and soft drinks

Services correct answers Bundle of benefits that may or may not be physical, temporary in
nature, and come from the completion of a task

Ideas correct answers Economic, political, religious or social viewpoints that advertising may
attempt to sell

Product correct answers good or service a company sells

Medium correct answers communication vechile

Word of Mouth (WOM) correct answers passing info, especially product recommendations in an
informal, unpaid, personal manner

Mass Media correct answers Print or broadcasting media that reach very large audiences (radio,
TV, magazines, billboards)

Marketing correct answers Organizational function and a set of processes for creating,
communicating and delivering value to customers and for managing customer relationships in a
way that benefits the organization and stakeholders

Process correct answers Sequence of actions or methods aimed at satisfying the customer needs
profitably

Marketing Mix correct answers 4Ps (Product, Price, Place, Promotion)
can be added or subtracted to create desired marketing strategy

Advertising strategy correct answers Objective declares what the advertisers wants to achieve
with respect to consumer awareness, attitude, and preference

, It shows how it wants to get to the end result

Externalities correct answers Benefit or harm causes by the sale or consumption of products to
people who were not involved in the transaction (didn't pay for the product)

Branding correct answers A marketing function that identifies products and their source and
differentiates them from other products (your name)

Preindustrial Age correct answers beging of written history - start of 19th century

invention of paper, printing press, increased literacy, made written advertising more popular

Industrializing age correct answers Mid 1700's- end of WWI

manufacturers were primarily concerned with production

Industrial Age correct answers First 70 years of 20th century

large growth and maturation of US industrial base
New inexpensive brands of luxury and convince, aka consumer packaged goods

Consumer packaged goods correct answers Packaging, food, beverages heal and beauty care,
cleaning products

Product Differentiation correct answers Manufacturers portraying their brands as different from
and better than similar competitive products through:
advertising, packaging, or physical product differences

Unique Selling Proposition (USP) correct answers Differences between other products, benefits
that make products different from each other so a person might pick one thing over another

Market Segmentation correct answers Strategy of identifying groups of people or organizations
with certain shared needs and characteristics within the broad markets for consumer or business
products and aggregating these groups into larger market segments according to their mutual
interest in the products utility

Positioning correct answers Association of a brands features and benefits with a particular set of
consumer needs, clearly differentiating it from the competition on the mind of the consumer

Postindustrial Age correct answers Period of cataclysmic change in 1980s

people become aware of the environment and cared

Demarketing correct answers Term coined during the energy shortage 1970-1980
advertising was used to slow down the use of products

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