ADV 205 Lecture 7: Marketing and Exchange

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7 Feb 2017
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Advertising"s role in the marketing plan: adv. Techniques under the umbrella term promotion o promotion is one of 4 elements: perception is everything o product o needs, wants o gives perception of product and it"s uses. Identify groups o share needs o share characteristics: aggregate into market segments, select one or two segments. Segmentation o sex, age, ethnicity, education, occupation, income and marital status o geodemographic segmentation: psychographics o values, attitudes, personality and lifestyle, vals o classification system segments according to resources and decision making motivation, targeting o the process used to identify which segments mc messages should reach o how much money to spend o consumers within a target o should have similar product needs. Important differences between targets must be identified o target must be large enough to be profitable o must be able to reach target: product concept o shape the perceived bundle of values o appropriate marketing mix (4ps)

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