Date post: | 01-Jul-2015 |
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-K.SARANYA
Introduction Advertising is one of the powerful
tool in promotional mix. The large quantities of goods being produced were made known to customers through advertising.
Meaning and DefinitionOriginated from the Latin word “adverto”
which means “turns round”. It denotes the means employed to draw attention to any object to any object.
The American Marketing Association(AMA) has defined marketing “ As any paid form of non personal communication and promotional of ideas, goods and service by an identified sponsor”.
Nature an scope A verbal and/or visual non personal messageAn identified sponsorDelivery through one or more mediaPayment by the sponsor to the medium
carrying the message
ObjectivesMake immediate salesBuild primary demandIntroduce about a
product availabilityIntroduce a price dealBuild brand recognition
or brand insistenceto help the salesman by
creating awareness of product among retailers
Create reputation Increase market share
Modify existing product appeals
Inform about new productIncrease the frequency of
use of a product.Increase the no / quantity
of retail outlets.Build overall company
imageEffect immediate buying
action Reach new
areas/segmentsDevelop overseas market.
Product advertising
Primary Demand
Competitive or selective
Shortage
Cooperative
Comparative
Institutional Advertising
Commercial
Non commercial
Direct Action
Kin
ds
Product Advertising
Primary Deman
d
•New product •Introduction stage
Product Advertising
Competitive or
selective
•Create demand for a specific brand•Growth stage
Product Advertising
Shortage
•Shortage in supply of the product.
Cooperative
•Manufacturer, wholeslers and retailers joint together
Product Advertising
Comparative
•Delivers the information not previously available to consumers
The objective is to protect the image of the company. It is not only directed to consumers but also to its shareholders, creditors etc.
Commercial •Meant to increase the sales•Industries, trade, farm, Professional
Non commercial
•Charitable Trust
Direct Action
•Taking immediate action to large extent.
Institu
tion
al
Ad
vertisin
g
Factors in advertisement
The source
•Credibility•Likeability/ attractiveness•The source approach
The Message
•Message Structure•Message sidedness•Order of presentation•Climax order
Message Appeal
•Rational Appeal•Emotional Appeal•Humour Appeal•Fear Appeal
Advertising BudgetMarket Share ApproachArbitrary AllocationPercentage of sales MethodTask and Objective MethodCompetitive Comparison MethodFunds Available method