The document outlines different types of advertising such as ethical, informative, persuasive, reminder, consumer, and trade advertising. It also discusses primary and selective demand advertising for new versus existing products. The functions of advertising mentioned include supporting the marketing mix, creating demand, differentiating products, expanding markets, expanding distribution, providing customer information, building organizational image, establishing credibility, reducing sales costs, and supporting promotional mix goals.
The document outlines different types of advertising such as ethical, informative, persuasive, reminder, consumer, and trade advertising. It also discusses primary and selective demand advertising for new versus existing products. The functions of advertising mentioned include supporting the marketing mix, creating demand, differentiating products, expanding markets, expanding distribution, providing customer information, building organizational image, establishing credibility, reducing sales costs, and supporting promotional mix goals.
The document outlines different types of advertising such as ethical, informative, persuasive, reminder, consumer, and trade advertising. It also discusses primary and selective demand advertising for new versus existing products. The functions of advertising mentioned include supporting the marketing mix, creating demand, differentiating products, expanding markets, expanding distribution, providing customer information, building organizational image, establishing credibility, reducing sales costs, and supporting promotional mix goals.
Informative (highlighting some product features) Persuasive (buy again and again) Reminder (for product at maturity of PLC) Consumer (addressing end users) Trade (addressing distribution network) Positioning (creating a brand positioning) Repositioning (creating a new brand position) Repetitive (more frequency) Attitudinal change (changing the mind of customers) Collective (two products together) Direct-response (consumers are asked to give feedback) Competitive (hitting a rival) End product (product is used to make another branded product e.g. Intel processors for Pentium Computers) Classified (small and economical ads in newspapers) With respect to media Functions of Advertising Supports marketing mix Advertising creates demand
Primary demand and primary advertising
For a new product category e.g. shampoo
Selective demand and selective advertising
Done after primary demand is created Specific brand of a company e.g. Head & Shoulders by Procter & Gamble
Differentiates the product
It helps in expanding the market Expands distribution (as you approach a large audience) Customer information Builds image for the organization Establishes credibility Reduces sales cost (brands has already established its credibility ) Supports promotional mix Creates competitive moves Counters competitive moves Increases customer contact Economical to serve larger market segment