Question

In: Finance

a) One of the most frequently used communication process model is the AIDA model. Briefly explain...

a) One of the most frequently used communication process model is the AIDA model. Briefly explain how marketers use this model effectively in taking the consumer through an effective communication process in order to achieve its communication objectives. 25 Marks
b) Differentiate between advertising and product placement with examples.

Solutions

Expert Solution

a)

Well, AIDA model is one of the most important communication model in marketing.

AIDA stands for Awareness, Interest, Desire, Action. Which basically deals with communicating with the potential customers at different stages.

ATTENTION STAGE: Company should plan to think about the strategies to convert the attention of customers towards a particular brand. A brand awareness should be created.( Running a social media campaign is an example)

INTEREST STAGE: In this stage marketer should generate likings about the brand through varied activities like testimonials, websites, customer network etc.( eg. providing a sample free service to customers to generate interest through direct mails)

DESIRE STAGE: Marketer should develop an emotional connection with the brand by personnel interaction, online chats etc. ( eg. Replying to twitter feeds of customer is an example)

ACTION STAGE: Create maximum interaction possible which would push the customers to purchase the product by sending emails, or through making calls or even downloading the brouchure.( eg. call to book or call to reserve etc)

b)

Product placement is actually a advertising technique which is an indirect form of advertisement which is mainly done through telivision shows or movies. Company will pay certain amount for placing the product in a show.

Example, If we observe americas got talent, we could see the juice cups infront of the judges which is readable, which is actually a type of product placement.

Advertsing is a marketing technique is used to sell products by paying for a particular space in televisions and social medias. Example, Advertisements through television ads, facebooks etc which are direct.


Related Solutions

Steel Structures: The rolling process is one of the most frequently used forming processes for producing...
Steel Structures: The rolling process is one of the most frequently used forming processes for producing steel sections. Nonetheless, other forming and fabrication processes can be used to create a range of section shapes in the steel production process. For this assignment, you are required to review the other four types of steel forming/fabricating processes including drawing (manufacturing), extrusion, casting and forging Task 1: (IN YOUR WORDS) Write (250 words), Review the extrusion process and mention the type of section(s)...
Briefly explain the nature and importance of the final phase in the communication process
Briefly explain the nature and importance of the final phase in the communication process
Identify the seven components of the communication process model, and briefly describe each by providing an...
Identify the seven components of the communication process model, and briefly describe each by providing an example.
In your own words, explain the functions of the following most frequently used unit operations in...
In your own words, explain the functions of the following most frequently used unit operations in chemical engineering processes. (i) dryer, (ii) filter, (iii) distillation columns, (iv) absorber, (v) stripper, (vii) crystallizer, (viii) compressor, (ix) valve, (x) hydrocyclone
Discuss the communication process model. What do you think is the most difficult barrier to effective...
Discuss the communication process model. What do you think is the most difficult barrier to effective communication? Why? (Write your answer in 150-200 words)
-Suggest the most appropriate software process model that might be used as a basis for managing...
-Suggest the most appropriate software process model that might be used as a basis for managing the development of the following systems: - A system to control anti-lock braking in a car - A virtual reality system to support software maintenance - A university accounting system that replaces an existing system
What is the major difference between transaction model of communication and constructivist model of communication? Explain...
What is the major difference between transaction model of communication and constructivist model of communication? Explain using an example.
There are many ways to fund a company, but the most frequently used source is Venture...
There are many ways to fund a company, but the most frequently used source is Venture Capital. True or False?
Respond to the following in a minimum of 175 words: The most frequently used measures of...
Respond to the following in a minimum of 175 words: The most frequently used measures of central tendency for quantitative data are the mean and the median. The following table shows civil service examination scores from 24 applicants to law enforcement jobs: 83 74 85 79 82 67 78 70 18 93 64 27 93 98 82 78 68 82 83 99 96 62 93 58 Using Excel, find the mean, standard deviation, and 5-number summary of this sample. Construct...
The most frequently used measures of central tendency for quantitative data are the mean and the...
The most frequently used measures of central tendency for quantitative data are the mean and the median. The following table shows civil service examination scores from 24 applicants to law enforcement jobs: 83        74        85        79 82        67        78        70 18        93        64        27 93        98        82        78 68        82        83        99 96        62        93        58 Using Excel, find the mean, standard deviation, and 5-number summary of this sample. Construct and paste a box plot depicting the 5-number summary. Does the dataset have outliers? If so, which one(s)? Would you prefer to use the mean or the medianas...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT