ADMS 3920 Chapter Notes - Chapter 7: Web Banner, Fixed Cost, Elevator Pitch

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Promotion consists of marketing communications that inform consumers about a firm"s product and persuade them to use it. The challenge of effective communication is twofold: (1) to create the promotions that will be most effective in creating awareness and motivation to buy in the target market, and (2) creating a cost-effective promotion program. A promotional mix involves a combination of the various promotional methods personal selling, advertising, and using promotional tools. The composition is determined by four major factors: geographical nature, target market, product"s characteristics, budget. Advertising the impersonal presentation of a business idea through mass media. The two basic types of advertising are: product advertising is designed to make potential customers aware of a particular product or service and their need for it, institutional advertising conveys information about the business itself. It is intended to keep the public conscious of the company and enhance its image.

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