APR 221 Chapter Notes - Chapter 1: Marketing Mix, Product Differentiation, Sales Promotion

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Advertising: structured and composed, nonpersonal communication of information that are paid for and persuasive in nature. They are about products by identified sponsors through various media. Integrated marketing communication: coordination and integration of messages from a variety of sources. Positioning: a term marketers use when they create an image of a product, person, organization or idea in the minds of a group of people. Psa (public service announcement): advertisement that serves public interest, for a non-profit organization, carried by the media at no charge. Medium: communication vehicle that transfers a message from the sender to the receiver. Wom- word of mouth advertising highly desired- opinion leader. Marketing: an organizational function and set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. Marketing mix: developing products, pricing, making them available at appropriate places and promoting them.

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