promotion 25.10.12
DESCRIPTION
TRANSCRIPT
PromotionPromotion is a communication process by which the producer of the products or services draw attention of the consumers or prospective consumers towards their products and services.
Consumers are informed and reminded about the products & are requested and persuaded to purchase their products.
Such communication may be made either
along the product or well in advance of the
introduction of product in the market.
“Promotion encompasses all the tools in the
marketing mix whose major role is
persuasive communication”. – Philip Kotler
“Promotion includes advertising, personal
selling, sales promotion and other selling
tools”. – Stanton
Characteristics of Promotion
Customers are informed about the product or services of the company.
It may be either at the time of introduction of a new product into the market or when any change is made in the existing product.
Customers are requested or persuaded to purchase the products & services of the company.
It includes advertising, sales promotion and other sales promotion techniques.
Promotion activities are performed by the manufacturer.
It seeks to modify behaviour & thoughts.It seeks to reinforce existing behaviour.
To introduce new productsTo attract new customersTo induce present customers to buy moreTo help the firm remain competitiveTo increase sales in off-seasonsTo add to the stock of the dealers
Promotion - mixPromotion mix refers to the combination ofvarious promotional elements used by abusiness firm to create, maintain andincrease demand of the product. It involvesthe integration of:AdvertisingPersonal sellingSales promotionPublicity & Personal relations
Advertising
It is a paid and non-personal form of
presentation and promotion of ideas, goods
or services by an identified sponsor.
Sales Promotion
It is an immediate inducement that adds
extra value to the product. It is the technique
of motivating the customers to buy the
product.
Personal Selling
It is an oral presentation for the purpose of
sale. It involves carrying the messages of the
product to consumers by individual salesman
and make them purchase the product.
Publicity
It is not paid by the sponsor. It comes
automatically. It can be positive or negative
publicity on which the individual or the incident
publicized has no control.