Bifalgorithm post · IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · 11.3. Developing a Marketing Mix*
How does promotion communicate value and stimulate customer response?
How does promotion communicate value and stimulate customer response? (IntroductionToBusiness OP 8D04gAa · 2026-10-07-36573 · 11.3. Developing a Marketing Mix*…
Ideas in this flowchart
- Promotion strategy
- Promotional mix
- Personal selling
- Traditional advertising
- Public relations
- Sales promotion
- Social media
- E-commerce
- The promotional elements are coordinated to create a promotional blend
- Advertising helps buyers become familiar with the company and prepares them for a sales call
- A good promotional strategy can dramatically increase sales
- Public relations creates a favorable image of the company and its products
- Public-relations tools include publicity, crisis management, and communication with employees
- Good publicity may require substantial time, money, and effort
- Bad publicity can cause significant losses in business
- Public relations is difficult to control and requires ongoing goodwill and relationship-building
- Sales promotion directly stimulates immediate customer purchases
- Sales promotions include trade shows, catalogs, contests, games, premiums, coupons, and special offers
- Sales promotions must comply with strict laws and regulations
- McDonald’s discount coupons and contests are examples of sales promotion
- Businesses use corporate websites and pages on platforms such as Facebook, Pinterest, and Twitter
- Social media can be more powerful than traditional advertising for reaching some target markets
- Companies and individuals can use social media to create instant branding
- E-commerce uses the company website to support and expand the marketing strategies of the 5Ps
- E-commerce can enable online orders, create online communities, and collect customer data
