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Published byCalvin Warren Modified over 9 years ago
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BY: GROUP FOUR BLOCK: 4B 4.01-4.15
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4.01 Promotion Product Intuitional Advertisements-paid for Publicity-Free and improves corporate Image Sales Promotion-Short term incentives or offerings Personal Selling- Individualized
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4.02 Advertising Media Publications-News papers and Magazines Broadcast Media- TV’s and Radio Direct Mail- Email or Letters Web-Ads on internet Out-Of-Home Media-Billboards Transit- on subway or bus
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4.04 A Sales Promotion Buy One Get One Free or Money Back Guarantee Incentives to buy a product Sweepstakes-total luck Contest- require skill Games- require payment
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4.04 B Public Relations Improve business image Watching public comments Advantages Credible, widely spread, and low cost Disadvantages Might be bumped or not high return
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4.06 Market Info Management Used for customer wants and habits Primary-own research Secondary-Outside sources Information is necessary for decisions All aspects of a business Pricing Place Promotion Product
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4.08 Technology Uses Info Gathering Ads can be customized Small business can send mass customized messages for cheap Tracking Cookies Gps Frugging and Sugging
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4.12 Data Collections Quantitative Qualitative Primary Secondary
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4.12(cont.) Ways to collect Observational Mail Telephone Internet Discussion Group Interviews Scanners
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4.12(cont.) Important things about surveys Clear questions Single focus per question Neutral questions Balanced questions Appropriate A badly made survey will result in decreased reply rate.
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4.13 Scales Nominal-mutually exclusive answers Ordinal-order or ranking system Continuous-mark appropriate position on a line Itemized- description of each object ranked
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4.13(cont.) Likert-Numerical values Semantic Differential Scale- mark answer on 1 to 7 continuum Stapel Scale- no zero but two ends -5 to 5 Multi-dimensional-used when one attribute is difficult to use
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4.15 Ethics Embellishment Changing Position of product Changing Price Tags Reciprocal Sales- Two or more parties make an agreement to work with each other Overpayments (Tax refunds) Theft (Hotel Towels)
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