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10-4 Plan Promotion
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Goals Justify the importance of communication in marketing
Identify and describe the common types of promotion
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Communication & Promotion
Promotion: is any form of communication used to inform, persuade, or remind Effective Promotion Marketers must first understand the communication process Apply effective communication to interact with consumers
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The Communication Process
Effective Communication: the exchange of information so there is common understanding by all participants The Order of Communication The sender – has info. to communicate to the receiver Communication Channel – the way the information will be transmitted to the receiver Encoding – preparing info. to be communicated Decoding – the receiver obtains info. and interprets it for understanding Feedback – the receivers response to the info.
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Communicating Through Promotion
The sender: the business The receiver: the consumer Encoding: Promotion Communication Channel: advertising, media, salespeople, internet Decoded: the consumer sees or ears the message
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Types of Promotion Personalized Promotion: communicates directly with each customer using information tailored to that person Most effective & expensive Personal selling: direct, individualized communication with prospective customers to assess their needs and assist them in satisfying those needs with appropriate products & services.
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Types of Promotion Mass Promotion: communicates with many people at the same time with a common message Advertising: any paid form of communication through mass media directed at identified consumers to provide information and influence their actions Most common forms are television, radio, newspapers
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Mass Promotion Publicity: a non-paid promotional communication presented by the media rather than by the business or organization that is being promoted. Public Relations is an ongoing program of non-paid and paid communications. Use to favorably influence public opinion Sales Promotion includes activities and materials designed to reinforce a company’s brand and image.
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Mass Personalization Businesses can combine the advantages of personalized and mass promotion
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Use a Highlighter Go back into your notes and highlight the following:
What are the components of effective communication What are the different types of promotion What is advertising
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