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Markerting Assignment

The promotional mix consists of advertising, sales promotion, public relations, and personal selling. Advertising is a paid, impersonal form of communication where the sponsor is identified. It has advantages like large reach, variety of media options, perceived legitimacy, and ability to expressively dramatize messages. Advertising plays an important role in the promotional mix by creating an effective advertising program. It allows companies to deliver messages to target customers and help build brand images. However, some argue that advertising can encourage materialism and the sale of inferior products, though companies have control over their advertising messages and can create value propositions for customers.

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160 views

Markerting Assignment

The promotional mix consists of advertising, sales promotion, public relations, and personal selling. Advertising is a paid, impersonal form of communication where the sponsor is identified. It has advantages like large reach, variety of media options, perceived legitimacy, and ability to expressively dramatize messages. Advertising plays an important role in the promotional mix by creating an effective advertising program. It allows companies to deliver messages to target customers and help build brand images. However, some argue that advertising can encourage materialism and the sale of inferior products, though companies have control over their advertising messages and can create value propositions for customers.

Uploaded by

rohan
Copyright
© © All Rights Reserved
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Download as DOCX, PDF, TXT or read online on Scribd
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Introduction

The promotional mix is one of the 4 Ps of the marketing mix. It consists of public
relations, advertising, sales promotion and personal selling.

The Promotional Mix


A marketing plan is focused on the target market and made up of four key
elements. These four elements are also knows as the 4 Ps. One P is called the
promotional mix.
Promotion mix refers to all the decisions related to promotion of sales of
products and services. The important decisions of promotion mix are selecting
advertising media, selecting promotional techniques, using publicity measures
and public relations etc.
There are various tools and elements available for promotion. These are adopted
by firms to carry on its promotional activities. The marketer generally chooses a
combination of these promotional tools.
Following are the tools or elements of promotion. They are also called elements
of promotion mix:
1. Advertising
2. Sales promotion
3. Personal selling
4. Public relation
They are used as tools to communicate to the target market and produce
organizational sales goals and profits.

Advertising
Advertising is any form of impersonal (one-way) paid communication in which
the company is identified. Any product needs to have a good advertising
campaign because this would allow the company to reach a large number of
people effectively.

1. Paid Form: The sponsor has to pay for advertising he has to bear a cost to
communicate with customers.

2. Impersonality: There is no face to face contact between customers and


advertiser. It creates a monologue and not a dialogue.

3. Identified Sponsor: Advertisement is given by an identified company or firm or


individual.

Features of Advertising and Advantages/Merits of Advertisement:


(i) Reach:
Advertising can reach a large market. As through various media of advertising
there is benefit of mass reach for example, any message given on All India Radio
or TV can reach in different corners of the country wherever TV and Radio
network is available.
(ii) Choice:
There is wide variety of media available for advertising for video, audio, visual
audio, print media etc. Under each category large variety is available for
example, in print media we can select from magazines, newspaper, banner etc.
This variety or choice helps the marketer to select the media, keeping in mind
the target customer.

(iii) Legitimacy:
In advertisement the messages regarding the product or service are given
publicly to customers so there is always a proof for it and customers believe that
publicly the company will not give false information of the product. The customer
feels comfortable to buy a product which is widely advertised.

(iv) Expressiveness:
Advertising provides enough opportunities to marketers to dramatize the
message with the help of drawings, colours, pictures, music, dance etc. They can
easily express the use of product through various techniques, and can add
multimedia effect also.

(v) Economy:
It is always felt that advertising increases the cost of product or service but
advertising is considered economical as compared to other promotional
techniques because it reaches masses and if we calculate cost per customer it is
very low or nominal.

(vi) Enhancing Customer Satisfaction and Confidence:


Customer feel more assured about quality and feel more comfortable if sponsors
claim these benefits in advertising.

Role of advertising in promotion mix:


One of the most important elements of the promotional mix is the creation of a
viable advertising program.

The promotional mix is the blend of methods used by a company to deliver


company, brand and product messages to target customers. Advertising, public
relations, direct marketing and selling are common components of a complete
promotional mix. Advertising is generally one of the most important promotion
methods and the one with the largest budget.

Effect of Advertising on Values, Materialism and Life Styles:

The major objection on advertisement is that it promotes materialism. The


advertisements inform people about more and more products, the use of existing
products and the new products are shown dramatically to attract the customers.

This knowledge about more and more products induces the customers to buy
more and more products. They start demanding the products which they dont
even require. If there was no advertising we would be less aware of material
things and we can be more contented.

We do not agree with this objection as it is wrong to say that a person who is
least informed is most contented or satisfied. The advertisement increases the
knowledge of customers by informing them about various products along with
their utilities.

The advertisement only informs the customers, the final choice of buying or not,
lies with the customers only.

Advertising Encourages Sale of Inferior and Dubious Products:

The advertisements show all types of products irrespective of their quality. With
the help of advertising anything can be sold in the market.

The objection to sale of inferior goods is not correct because what is inferior and
what is superior depends upon the economic status and preference. Every one
cannot afford to buy superior quality expensive products but it does not mean
they should not use the product.

The lower income group people satisfy their needs with low cost inferior goods
for example; those who cannot afford to buy shoes of Nike or Reebok have to
satisfy with local brand only. So it is not advertisements which encourage sale of
inferior goods; it is ones pocket or financial capacity which decides this.

The real criticism of advertisement is that it encourages sale of duplicate


products. Some producers exaggerate the use of products and innocent
consumers get trapped in and buy duplicate products.

Control
One of the strongest distinctions between advertising and other forms of
promotion is that you pay for ad messages, buying time or space on a particular
medium. Paying for placement gives you greater control over the design, timing
and location of your message. In public relations, you can have some influence,
but media reporters can write negative stories just as easily as they can positive
ones.

Brand Management
Much of advertising centers on the development and maintenance of a brand
image. Building a brand image is an important first step for a successful
business. Your messages convey what makes your company, products or service
distinct from competitors. However, some brand messages are more intangible,
emphasizing qualities such as luxury, sophistication, class, social belonging,
relaxation and fun.

Create Value Proposition

Your value proposition is the mix of product or service benefits and price that you
offer a particular target customer group. You can base your value on top quality,
elite service, organic materials or ingredients, environmentally-responsible
behavior, low price or unique designs. Since you control ad messages, you have
a greater ability to set out for customers why your brand has superior value. PR
includes dealing with negative issues and sales doesn't allow for preplanned
message strategies and development.

Passive Communication
Unlike direct marketing and selling, advertising is a one-way, passive form of
promotion. You deliver a commercial or print ad and must research or watch
business results to find out whether the message affected customers. For this
reason, much of advertising is intended to promote brand recall or to persuade
customers to buy. If your business sells complex or expensive goods, you often
need sales staff at the point-of-sale to interact with customers and overcome
their concerns or objections.

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