Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Impact of technological advancement on society
Impact of advancement of technology
The relationship between advertising and sales promotion
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Impact of technological advancement on society
Promotion-mix is a set of promotional tools that are available to the company. The promotion Mix includes:
• advertising
• personal sales
• sales promotion
• Public relations and publicity
Since personal selling is referred as personal interaction or individual communication for selling the product between the customer and sales personnel. It is a significant element of a promotion mix which can be used as an effective promotional tool for Plastic Products Ltd, which helps persuading increased prospects towards purchasing a good or service. The sales force promotes the product aiming at informing and delivering the product knowledge, as well as encouraging the customer towards making a purchase or trying it. Personal selling also can strengthen relationship with the customer. Moreover, the intended message is persuasively delivered through personal communication with the customer. Due to the customer direct attention, product knowledge and awareness will be greater. Furthermore, personal selling does not only arouse desire or attention, rather find prospective buyers and make actual sale. It provides support to promotional activity through advertising the product and educating customers about the product (Manning, 2012).
2.2 Buyer Behaviour and the Decision Making Process
Buyer behaviour determines the specific factors which can influence the buying habits of the buyer. Is referred to the buying habits of the consumer when making a purchase. The buyer behaviour may be different depending upon the decision making process and the type of a product or service. Products which requires high involvement needs greater time rather than those which require low involvement.
Decision Making Process is a choice or stopping of the co...
... middle of paper ...
... new international market (Wilkinson, 2011, p. 251-277).
4.3 Opportunities for using Exhibitions or Trade Fairs
Using exhibitions and trade fairs can help the Plastic Products Ltd promote its products through effective communication strategies and value creation for customers. The increased access to technology and its emergence has become one of the challenges for companies to sustain in the highly competitive market. It can identify and create potential customer, clients and markets for the organisation that may be interested. This can help the business raise the product awareness at a massive level. Therefore, it will help them to increase the market share thus increasing organizational productivity and profitability. It will also advertise the products of the company on massive level and can attract customers and companies (Geigenmüller, 2010, p. 25(4), 284-292
Finally, personal selling should be considered for its campaign because John Lewis sells electrical goods, such as TV, iPad and camera. When a customer tends to buy a digital product such as digital camera, a personal seller would enable to show how to use it and give more pro-advices to them. Therefore, John Lewis could consider combining advertising and personal selling to maximum the effect of the campaign in next time.
1.2. Compare Buyer behavior and decision making process in different situation (P 1.2) ......... 4
The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand of products in the market. Price, Product, Promotion and Place, are known as the 4Ps that make up a typical marketing mix. As marketing evolves, there are additional Ps that can also be included in the marketing mix, however, focusing on the 4 core Ps of the marketing mix, price, place, promotion and Product, taking an in-depth look at the aspects of Victoria’s Secret in general and in terms of the selected product. All the elements of the marketing mix influence each other. They contribute to the business plan for a company and if managed correctly, can give it a great success. In order to successfully master marketing mix, it needs understanding,
Promotion. Finally comes promotion - informing the customer on the qualities and advantages of the product so that the potential buyer learns about the product, prefers it to those of the competitors, and has an opportunity to buy it at some place.
Marketing mix are the variables that mangers can control in order to best satisfy customers in the target market. A typical marketing mix includes the product offered at price, with some promotion to tell customers about the product and a way to reach the customers’ place.
Over the last decade, product marketing and ways through which communication takes place between manufacturers and consumers has changed tremendously (Belch & Belch 2004). Due to the technological revolutions and the rise of innovations such as the mobile phones and the internet, control over information has shifted apparently from the manufacturer's hands to the hands of consumers (Belch & Belch 2004). The market environment has also changed due to globalization of marketing strategies, loss of confidence in media advertising, increased reliance on targeted communication methods, and media fragmentation and so on (Belch & Belch 2004).
Marketing Mix is a very essential concept for the progression of the business. Products and services of a business organization get effective strategic positions in the market with the help of using marketing mix. According to Belz (2011), through appropriate attentiveness of the marketing mix, an organization can have proper explicated marketing tactics and strategies through which the company’s marketing objectives can be achieved at the required level. Marketing mix is not merely a single term but it is an assembly of different elements of marketing.
Furthermore, I will explain the application of theory relating to me and my purchase. I will also review the marketing activity of the organization where I purchased from. This is to explain how the two theories have been used in the marketing strategy. In addition, recommendations regarding how the marketing strategy could have been improved by applying the 2 buyer behaviour theories are given.
Trade shows bring your business in direct contact with potential customers. A trade show is a great opportunity to interact personally with your target audience and create a favorable impression about your business. To market your product at a trade fair, you need a booth and displays. The booth will house your product, promotional literature and displays. The displays will showcase your advertising slogan, product information and other graphics.
Consumer Decision Making Process A key factor in successfully marketing new/existing products or implementing a product Extension is a thorough understanding of the motivation, learning, memory, and decision Processes that influence consumers purchasing behavior. Consumer purchasing behavior theories have found their way into managerial decision making to help companies more effectively develop and launch new products, segment the market, determine market entrance and in brand management. Therefore, a better understanding of how consumers decide what to purchase is critical to the success of a product. There are numerous theories and models describing the consumer purchasing decision process.
The promotion mix is to help attract target customers to specific products. PepsiCo promotional mix is advertisement, sales promotion, direct marketing, and public relations. PepsiCo’s advertisement usually consist a celebrity drinking the Pepsi product in a commercial. The sales promotion, which is discussed in chapter fifteen, includes sweepstakes, coupons, and rebates. Direct marketing is to sell directly to companies at wholesale price. Public relations include: sponsorship or financial assistance.
A. Consumer behavior comprises all the consumer decisions and activities connected with choosing, buying, using, and disposing of goods and services.
In today’s competitive world where organizations looking for high profitability and market share, consumers have very important role. Companies are looking for capture consumers in order to get larger market share. For this reason organization developed a number of techniques and tools. One of such tools is consumer behavior which has been come from economic theory. Consumer behavior is mainly studying the factors and situations that can affect purchase decisions of consumers. Consumer behavior is being very important discipline of management sciences which help out to understand of customers’ decision making.
According to Shimp (2007), there are five important factors which determine the purpose of advertisement in terms of marketers’ communication with consumers. He listed these five factors as follows: “(1) informing, (2) influencing, (3) reminding and increasing salience, (4) adding value, and (5) assisting other company efforts.” (p.246). To clarify that, the first most important aspect is informing people which means company needs to enhance the awareness of the consumer about their products by mentioning its advantages and features. Advertising also affect the products in two ways. Firstly, by basic demand, which build consumer desires for old products of the company and secondly, refers to a new brand of the company. In addition, effective advertising can retain consumer’s mind fresh about the image of a brand which develops the trace of the memory where consumers have to choose between two or more products. Moreover, it may change the product quality, create new, well-designed and elegant product and change consumers view towards the product. Lastly, by effective advertising program, company may save money and time as s...
To achieve and maintain success in such a complex system as market it is essential to every marketing person to understand clearly consumer behavior. Understanding consumer behavior is not that easy as it may seem from the first glance. The reason is that there are plenty of various factors that may influence it in one certain way or the other. When considering each of the factors it is also important not to forget that they ought to be analyzed as different parts of one whole picture, that is, in correlation with each other.