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The Evolution of Advertising • Historical roots • Age of print • Industrial revolution and emergence of consumer society • Radio • Television • Outlet/Audience Fragmentation 1 Types of Advertising CONSUMER • Brand advertising • Retail/local advertising • Advocacy advertising • End product advertising • Direct-response advertising B to B • • • • Trade Industrial Corporate Professional 2 Current Advertising Issues • • • • Interactive advertising Globalization Niche marketing Integrated marketing communications (IMC) • Consumer Power 3 Why Advertise? • Establish image (“position”) • Change image (“re-position” • Generate sales (help only - remember marketing mix) • Send messages to public (PSA or corporate) • Inform, Persuade, Remind customers about products (product life cycle) 4 ADVERTISING STRATEGY DURING PRODUCT LIFE CYCLE PRODUCT LIFE CYCLE Pioneering stage inform Competitive stage persuade Retentive remind, retain TYPE OF ADVERTISING Pioneeering (inform) Competitive (persuade) Retentive (remind)