tailieunhanh - MBA In A Day Chapter 9

Chapter 9. Advertising and day we are bombarded with different advertising messages, whether it is on the radio while we’re driving to work, on television during our favorite programs, or in magazines and newspapers. | O-haper Advertising and Promotion Every day we are bombarded with different advertising messages whether it is on the radio while we re driving to work on television during our favorite programs or in magazines and newspapers. We re handed flyers while walking down the streets and given tastes of products while walking the aisles of the grocery store. Advertising has entered every area of our lives and many of us choose to ignore it on many occasions. This might cause you to ask can advertising and promotional efforts still be effective if we are so saturated with information The answer is yes advertising and promotions can be effective if used properly for targeting the right consumer. One of the main rules in advertising has always been to keep your message simple and consistent and repeat it often. It has been shown that people remember advertising if they see it with great frequency which explains why while watching two hours of television you may see the same advertisement two or even three times. That way the message will stand out in your mind. 170 TLFeBOOK Advertising and Promotion 171 BRANDING On the shelves of every grocery store are brand-name products from Oreo cookies to Tide detergent. Strong brands are a great asset to a company and can generate streams of incremental revenue due to the fact that people are willing to pay a premium for brand-name products and over time they reduce marketing costs because a brand s customers present lower or no purchase barriers. A brand is a name symbol term sign design or combination of each of these things the purpose of which is to identify goods and services of one seller or of a group of sellers and differentiate them from competitors. A brand is also the sum of all characteristics that make a product offering unique. A company can copy a product but it cannot replicate the brand. In a sense the brand is the personality of the product what the product means to the customer and the set of emotions evoked when the