Question

In: Economics

13. Sales promotions include promotions that are part of the other components of the communication mix...

13. Sales promotions include promotions that are part of the other components of the communication mix

TRUE FALSE

Solutions

Expert Solution

Although the money organizations spend promoting their offerings may go to different media channels, a company still wants to send its customers and potential consumers a consistent message (IMC). The different types of marketing communications an organization uses compose its promotion or communication mix, which consists of advertising, sales promotions, direct marketing, public relations and publicity, sponsorships (events and experiences), social media and interactive marketing, and professional selling. The importance of IMC will be demonstrated throughout the discussion of traditional media as well as newer, more targeted, and often interactive online media.

Consumer sales promotions consist of short-term incentives such as coupons, contests, games, rebates, and mail-in offers that supplement the advertising and sales efforts. Sales promotions include promotions that are not part of another component of the communication mix and are often developed to get customers and potential customers to take action quickly, make larger purchases, and/or make repeat purchases.

In business-to-business marketing, sales promotions are typically called trade promotions because they are targeted to channel members who conduct business or trade with consumers. Trade promotions include trade shows and special incentives given to retailers to market particular products and services, such as extra money, in-store displays, and prizes.

The answer to the above question is False


Related Solutions

The five basic components of promotion include advertising, sales promotions, social media, publicity, and personal selling....
The five basic components of promotion include advertising, sales promotions, social media, publicity, and personal selling. All five components of the retailer’s promotion mix need to be managed from a total systems perspective. All non-essential retail businesses are closed due to the COVID-19 lockdown. At some point (hopefully in the near future) we will return to normal and these businesses will reopen. While these businesses will be receiving financial support from the government, many are going to be in a...
Discuss different types of promotions used by several companies. Explain group promotion mix components by a...
Discuss different types of promotions used by several companies. Explain group promotion mix components by a company and analyze them for a consistent message. Identify the likely target market for each piece of promotion. Is the promotion component likely to be effective? Why or why not? Does a company appear to favor one component of the promotion mix more than others?
Communications is an increasingly important and strategic part of the “Marketing Mix”. What is communication, what...
Communications is an increasingly important and strategic part of the “Marketing Mix”. What is communication, what are the available channels to a company and why must a company ensure that its messages are effective in marketing the product and its position in the market? Why should a company measure its communications effectiveness?
What are the sales promotions/techniques discussed?
Positioning Basket of Goodies is positioning itself as an upscale manufacturer of gourmet gift baskets through the introduction of several production baskets as well as custom options. BOG will achieve this positioning by leveraging their competitive advantages. The competitive advantage is based on two factors, low overhead which supports reasonable prices, and an unrelenting desire for the highest quality product and service. 1. Overhead- BOG's overhead is particularly low because it is a home based business. Most of BOG's competition...
Describe three components of verbal communication and three components of non verbal communication.
Describe three components of verbal communication and three components of non verbal communication.
What are the advantages of making sales promotions in industry ?
What are the advantages of making sales promotions in industry ?
What is meant by a marketing mix? What are the components of a marketing mix?
What is meant by a marketing mix? What are the components of a marketing mix?
Sales Promotion is increasingly becoming an important part of the promotional mix of most companies.Discuss
Sales Promotion is increasingly becoming an important part of the promotional mix of most companies.Discuss
What are the difference between the elements of Communication Mix ?
What are the difference between the elements of Communication Mix?  
What are the different forms of sales promotions Nike use?
What are the different forms of sales promotions Nike use?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT