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Building brand equity and the marketing communications mix. Advertising, sales promotion, communication, incentive.

Sunday 4th of July 2010

THE ROLE OF ADVERTISING IN MARKETING COMMUNICATIONS

Marketing communications are the means by which firms attempt to inform, persuade, and remind consumers – directly or indirectly – about the products and brands that they sell. In a sense, marketing communications represent the “voice” of the brand and are a means by which it can establish a dialogue and build relationships with consumers.
Marketing communications perform several functions for consumers.

Although advertising is often a central element of a marketing communications program, it is usually not the only one – or even the most important one – in terms of building brand equity. The marketing communications mix consists of several modes of communication:

  1. Advertising – Any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor. Advertising can be used to build up a long – term image for a product or trigger quick sales. Advertising can efficiently reach geographically dispersed buyers.
  2. Sales promotion – A variety of short term incentives to encourage trial or purchase of a product or service. Companies use sales promotion tools to draw a stronger and quicker buyer response. Sales promotion can be used for short – run effects such as to highlight product offers and boost sagging sales. The advantages of sales promotion are as follows:
  3. Communication -   They gain attention and may lead the consumer to the product.
  4. Incentive - They incorporate some concession, inducement, or contribution that gives value to the consumer.

About the author

Username:k1234
Name:Kate Howard

 

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