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Communication Model
The process whereby meaning is transferred from a source to a reciever.
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Parts of the Communication Model (ESMMRDNF)
- Encoding
- Source
- Message
- Medium
- Receive
- Decoding
- Noise
- Feedback
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Encoding
The process of translating an idea into a form of communication that will convey meaning.
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Source
An organization or individual that sends a message.
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Message
The communication in physical form. Goes from a sender to a receiver.
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Medium
A communication vehicle through which a message is transmitted to a target audience.
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Recieve
Who or what intercepts and interprets the message.
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Decoding
Process by which a receiver assigns meaning to the message.
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Noise
Anything that interferes with effective communication.
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Feedback
Receivers reaction to the message.
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Promotion Mix (5 elements)
- The major elements of marketer-controlled communication.
- -Advertising
- -Public relations
- -Personal selling
- -Sales promotion (contests, coupons, incentives)
- -Direct marketing
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Integrated Marketing Communication (IMC)
A strategic business process that marketers use to plan, develop, execute, and evaluate coordinated, measurable, persuasive brand communication programs over time to targeted audiences.
Goal of IMC is to build relationships with customers.
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Promotion
Coordination of a marketer's communication efforts to influence attitudes or behavior.
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Control Continuum
Amount of control a marketer has over the message.
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Word of Mouth (WOM)
When consumers provide information about products to other consumers.
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Buzz Marketing
Using high-profile entertainment or news to get people to talk about your brand.
work with new products, no financial pay.
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Guerrilla Marketing
Marketing activity in which a firm 'ambushes' consumers with promotional content in places they are not expecting to encounter this kind of activity.
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Consumer-generated media (CGM)
On-line consumer generated comments, opinions, and product related stories available to other consumers through digital technology.
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Database Marketing
The creation of an ongoing relationship with a set of customers who have an identifiable interest in a good or service.
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Hierarchy of Effects
A series of steps prospective customers move through, from initial awareness of a product to brand loyalty.
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Competitive-parity method
A promotion budgeting method in which an organization matches whatever competitors are spending.
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Bottom-up budgeting techniques
Allocation of the promotion budget based on identifying promotion goals and allocating enough money to accomplish them.
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Top-down budgeting techniques
Allocation of the promotion budget based on management's determination of the total amount to be devoted to marketing communication.
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Push Strategy
The company tries to move its products through the channel by convincing channel members to offer them.
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Pull Strategy
The company tries to move its products through the channel by building desire for the products among consumers. This convinces retailers to respond to this demand by stocking these items.
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AIDA Model
The communication goals of attention, interest, desire, and action.
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Experimental Marketing
Marketing activities that attempt to give customers an opportunity to actually interact with brands. Causes them to make for intelligent and informed purchase decisions.
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