Types of Promotion Advantages and Disadvantages Copyright © Texas Education Agency, 2011. All rights reserved.

Slides:



Advertisements
Similar presentations
What is Fashion? Copyright © Texas Education Agency All rights reserved.
Advertisements

Copyright © Texas Education Agency, These Materials are copyrighted © and trademarked ™ as the property of the Texas Education Agency (TEA) and.
Copyright © Texas Education Agency, These Materials are copyrighted © and trademarked ™ as the property of the Texas Education Agency (TEA) and.
The Changing Role of Marketing Marketing Today and Tomorrow Copyright © Texas Education Agency, All rights reserved.
Termination of Offers Copyright © Texas Education Agency, All rights reserved.
Different Forms of Financial Exchange How do we pay for things and who is responsible? Copyright © Texas Education Agency, All rights reserved.
Advertising and Sales Promotion International Marketing and Advertising Unit 2, Lesson 5 Copyright © Texas Education Agency, All Rights Reserved.
GLOBAL EXCHANGE CASE STUDIES Copyright © Texas Education Agency, All Rights Reserved.
ADVERTISING MEDIA. 2 “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked.
Reconciliation Copyright © Texas Education Agency, All rights reserved.
Understanding the Need For Market Information Copyright © Texas Education Agency, All rights reserved.
Principles of Business, Marketing and Finance
Practicum in Marketing Dynamics Unit 2 Lesson 2 Copyright © Texas Education Agency, All rights reserved.
PRINCIPLES OF BUSINESS MARKETING LESSON 5.4 ADVERTISING - PROMOTION AND SPECIAL EVENTS.
Planning Effective Advertising Copyright © Texas Education Agency, All rights reserved.
GOAL Aim for it.. “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked.
Copyright © Texas Education Agency, All rights reserved. Z-Score Statistics & Risk Management 1 Copyright © Texas Education Agency, All rights.
Principles of Business, Marketing, and Finance Retailers in a Private Enterprise System Copyright © Texas Education Agency, All rights reserved.
Identify Your Market Entrepreneurship Unit 4, Lesson 2 Copyright © Texas Education Agency, All rights reserved 1.
Copyright © Texas Education Agency, All rights reserved. Linear Correlation Statistics & Risk Management 1 Copyright © Texas Education Agency, 2012.
Interpersonal Skills and Goal Setting Marketing Dynamics Copyright © Texas Education Agency, All rights reserved.
PERSONAL BUDGETING Budget – A plan for earning, saving, borrowing and spending.
Practicum in Marketing Dynamics Unit 2 Lesson 3 Copyright © Texas Education Agency, All rights reserved.
Anything that serves the three basic functions. Money.
The Importance of Being Accurate Copyright © Texas Education Agency, All rights reserved.
Copyright © Texas Education Agency, All rights reserved.
The Law of Supply and Demand Copyright © Texas Education Agency, All rights reserved.
The Promotional Mix combination of advertising, public relations, personal selling, and sales promotion Copyright © Texas Education Agency, All rights.
Fashion and the Marketing Mix Copyright © Texas Education Agency, All rights reserved.
Advertising, Sales and Promotion Unit 2, Lesson 12 Copyright © Texas Education Agency, All rights reserved.1.
Linear Regression Statistics & Risk Management Copyright © Texas Education Agency, All rights reserved. 1.
Copyright © Texas Education Agency, All rights reserved. 1 Career Opportunities Statistics & Risk Management.
Advertising Campaign Financial Planning Advertising, Sales and Promotion Unit 2, Lesson 10 Copyright © Texas Education Agency, All rights reserved.
Copyright © Texas Education Agency, All rights reserved. Software Proficiency Statistics & Risk Management Copyright © Texas Education Agency, 2012.
Copyright © Texas Education Agency, All Rights Reserved.
Types of Economic Competition All-Out Competition vs. No Competition at All Copyright © Texas Education Agency, All rights reserved.
Marketing Functions of Marketing Unit 2, Lesson 1 Copyright © Texas Education Agency, All rights reserved.
Advertising, Sales and Promotion Unit 2, Lesson 11 Product and Price Planning Copyright © Texas Education Agency, All rights reserved. 1.
Advertising and Sales Promotion Unit 2, Lesson 2 Advertising and The Marketing Mix Copyright © Texas Education Agency, All Rights Reserved.
Proofreading 101. “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked.
Architectural Design Architect Walk Copyright © Texas Education Agency, All rights reserved. 1.
Texas Penal Code: Arson, Criminal Mischief, and Other Property Damage or Destruction Law Enforcement I.
Marketing Basics Sports and Entertainment Marketing Copyright © Texas Education Agency, All rights reserved. Copyright © Texas Education Agency,
Serving Senior Citizens. Copyright © Texas Education Agency, All rights reserved. Copyright Copyright © Texas Education Agency, These Materials.
Developing a Promotional Plan 1 Copyright © Texas Education Agency, All rights reserved.
Competing for Market Segments Copyright © Texas Education Agency, All rights reserved.
FASHION MARKETING MARKETING INFORMATION SYSTEMS COPYRIGHT © TEXAS EDUCATION AGENCY, ALL RIGHTS RESERVED. 1.
Practicum in Marketing Dynamics Unit 2 Lesson 1 Copyright © Texas Education Agency, All rights reserved.
Promotion and Distribution Channels Copyright © Texas Education Agency, All rights reserved. 1 Advertising, Sales and Promotion Unit 3, Lesson 1.
Entertainment Marketing Copyright © Texas Education Agency, All rights reserved.
Time Value of Money Copyright © Texas Education Agency, All rights reserved.
Advertising Execution and Evaluation Copyright © Texas Education Agency, All rights reserved. Copyright © Texas Education Agency All rights.
Promotion A Form of Communication Copyright © Texas Education Agency, All rights reserved.
Alphabetic Numeric/Symbol Numeric Keypad Function/Command Keys.
Business and Individuals Need Marketing Copyright © Texas Education Agency, All rights reserved.
Copyright © Texas Education Agency, All rights reserved Performance Management and Evaluation.
Mission and Vision Company Statements. “Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted.
Fashion Risks Copyright © Texas Education Agency, All rights reserved.
Learning About the Competition Copyright © Texas Education Agency, All rights reserved. )
Copyright © Texas Education Agency, All rights reserved. 1 Quality Control Statistics & Risk Management.
Market Your Business Entrepreneurship Unit 5, Lesson 1 Copyright © Texas Education Agency, All Rights Reserved. 1.
Distribution and Finance
Copyright © Texas Education Agency, All rights reserved.
Advertising - Promotion and Special Events
Every Student Succeeds Act (ESSA) Consolidated Federal Grant Application.
Texas Penal Code: Kidnapping, Unlawful Restraint, and Smuggling of Persons Law Enforcement I.
Every Student Succeeds Act (ESSA) Consolidated Federal Grant Application.
Advertising- to target audiences
Texas Penal Code: Criminal Homicide
Texas Penal Code: Kidnapping, Unlawful Restraint, and Smuggling of Persons Law Enforcement I.
Presentation transcript:

Types of Promotion Advantages and Disadvantages Copyright © Texas Education Agency, All rights reserved.

Copyright and Terms of Service Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1)Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts and schools educational use without obtaining permission from the Texas Education Agency; 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency; 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way; 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee. 2 Copyright © Texas Education Agency, All rights reserved.

Examples of Mass Media Advertising Direct Mail Internet Magazines Newspaper Outdoor Radio Television 3 Copyright © Texas Education Agency, All rights reserved.

Advantages of Advertising Reach a wide audienceefficient medium in terms of cost-per-viewer Controllable, repeatable form of promotion Not limited by geographycan reach people throughout the world 4 Copyright © Texas Education Agency, All rights reserved.

Disadvantages of Advertising Overall cost can be very expensive Impersonal nature of advertising Not always timely by the time it reaches the intended audience Advertising life-span may be limited Takes more than one media to reach target market 5 Copyright © Texas Education Agency, All rights reserved.

Advantages of Public Relations Third-party source is perceived as being more objective than a commercial Relatively inexpensive or Free 6 Copyright © Texas Education Agency, All rights reserved.

Disadvantages of Public Relations Hard to controlrelies on third- party media outlets Impossible to predict or control the kind of coverage for a product 7 Copyright © Texas Education Agency, All rights reserved.

Advantages of Personal Selling Personal contact Feedback from the customer is immediate Sales presentation is flexible 8 Copyright © Texas Education Agency, All rights reserved.

Disadvantages of Personal Selling Per-person cost Only reach one customer at a time 9 Copyright © Texas Education Agency, All rights reserved.

Advantages of Sales Promotion Generates short-term sales Sales promotion results are measurable 10 Copyright © Texas Education Agency, All rights reserved.

Disadvantages of Sales Promotion Functions on the short-term – it does not necessarily result in maintaining loyal customers Builds customer relationships based upon incentives Cost of providing incentives 11 Copyright © Texas Education Agency, All rights reserved.

Assignments Independent Practice Assignment –Team - Up-Selling (National Amusement Park) Independent Practice Assignment-Individual - Forms of Media Advertisement (Create collage of 7 forms of media advertising) Extension Assignment – Team - Personal Sales Demonstration 12 Copyright © Texas Education Agency, All rights reserved.