Concept explainers
To differentiate: Competitive product advertising from competitive institutional advertising.
Introduction:
An advertisement is an announcement that is made in public to promote a product or service through television ads, radio ads, and advertising campaigns.
Explanation of Solution
Difference between competitive product and competitive intuitional advertising:
Competitive product advertising:
This advertising promotes the specific features of a brand and its benefits. For example, this ads may highlight the advantages of Company P versus other brand like Brand T.
Competitive institutional advertising:
This type of advertisement is used by the product class than brand level. For example, this type of advertisement shows benefits of eating pizza over sandwich.
Want to see more full solutions like this?
Chapter 18 Solutions
MARKETING >CUSTOM< (PB)
- Explain what impact can a lack of budget or inadequate resources have on the success or failure of an advertising campaign?arrow_forwardWhy would a marketer identify and analyze the target audience before defining the advertising objectives when developing and advertising campaign?arrow_forwardWhat are the key elements in creating and executing effective advertising campaigns as part of the marketing process?arrow_forward
- Fully describe the four types of advertising timing patterns available to marketers when launching a new productarrow_forwardIn which stage of the product life cycle would advertising expenditures most likely induce as a firm attempts to react to increasing competition?arrow_forwardEach year, managers at Bausch and Lomb evaluate the many advertising media alternatives available to them as they develop their advertising program for contact lenses. What advantages and disadvan- tages of each alternative should they consider? Which media would you recommend to them?arrow_forward
- Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage LearningMarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing