Principles of Marketing, Student Value Edition (17th Edition)
17th Edition
ISBN: 9780134461526
Author: Philip T. Kotler, Gary Armstrong
Publisher: PEARSON
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Question
Chapter 14, Problem 14.1DQ
Summary Introduction
To determine: The five major promotion tools used in marketing.
Introduction:
Promotion tools are the marketing communication mixes that the companies use to build customer relationship, involve customer, and communicate customer value.
Expert Solution & Answer
Answer to Problem 14.1DQ
- Advertising
- Sales promotion
- Personal selling
- Public relation
- Direct and digital marketing
Explanation of Solution
The following diagram represents the major promotional tools:
Five major promotional tools used in marketing are listed below:
- Advertising: Advertising refers to any payment of non-personal presentation of goods, services, or ideas that are recognized by a sponsor.
- Sales promotion: It is a short-term incentive used mainly to encourage the selling or buying of product or service.
- Personal selling: Personal selling involves interaction with the customers personally for purpose of building customer relationship, selling, and engaging customers.
- Public relation: Public relations aids in building good relations between a company and public like building up a company image, favorable publicity, heading off unfavorable events and gossips, and handling.
- Direct and digital marketing: Direct and digital marketing refers to directly engaging with the individual customer and customer communities. This helps in instant response and builds an everlasting relationship with customers.
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Students have asked these similar questions
What method does should buinesses/organization use to allocate the promotion budget across marketing vehicles?
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In your own words discuss the integrated marketing communication concept. Explain what its emphasis on consistency and complete messages implies with respect to promotion blends. Give examples.
Chapter 14 Solutions
Principles of Marketing, Student Value Edition (17th Edition)
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