MKT 300
Review Sheet - Exam 4
Key Concepts and Terms
Chapter 14 - Channels Management
marketing channel of distribution
intermediaries
- wholesalers, retailers, merchants, agents, brokers
need for intermediaries
direct channels/indirect channels
key factors in determining channel strategy
- company goals & objectives, customer characteristics, product characteristics, market characteristics, environmental characteristics
market coverage
intensive distribution
exclusive distribution
selective distribution
vertical marketing system
logistics
strategic channel alliance
value-chain management
vertical marketing system
Chapter 15 - Wholesaling and Retailing
wholesalers, retailers
wholesaling functions
full-function wholesalers, limited function wholesalers
types of merchandisers:
- general line merchandisers, single-line merchandisers, scrambled merchandisers
agents, brokers, manufacturers representatives
physical distribution
logistics
types of demand:
- continuous demand, seasonal demand, erratic demand
carrying costs
Just-in-Time (JIT)
materials handling retailing mix
merchandize carried:
- depth of product line, breadth of product line
- general merchandise retailer, limited-line retailer, scrambled single-line retailer
level of service offered by retailers:
- full service, limited service, self-selection, self-service
method of operation:
- store retailer
supermarket, superstore, convenience store, catalog showroom, warehouse club
- non-store retailer
mail-order, in-home, direct response, telemarketing
form of ownership:
- independents, corporate chain, associations of independents
location of facilities
- central business district, main business thoroughfares, secondary shopping districts, neighborhood clusters, planned shopping centers
retail management decisions
- target market, information system, product mix, pricing, store image/ambience
atmospherics
category management
Chapter 17 - Integrated Marketing Communication
integrated marketing communication (IMC)
promotion
promotional mix:
- advertising, personal selling, sales promotion, publicity/public relations, packaging
communication model:
- source, receiver, encoding, channel, message, decoding, receiver, noise, feedback
- one-way communication, two-way communication
IMC planning, implementation, and evaluation
- situation analysis
- target market
- product positioning
- IMC objectives:
- communication objectives
- sales objectives- push strategy, pull strategy
factors in IMC planning:
- resources available, product characteristics, target market characteristics, channel member relationships, stage of PLC, company policy, degree of globalization
IMC budget alternatives:
- percent-of-sales budget, competitive-parity budget, affordability budget, objective-and-task budget, return-on-investment budget
Chapter 18 - Advertising
advertising
objectives
ad type
reach
frequency
CPM
measuring advertising effectiveness
budgeting issues
media:
television, radio, newspapers, magazines, direct mail, billboards, Internet
advantages/ disadvantages of each
types of advertising:
pioneering advertising
reminder advertising
competitive advertising
comparative advertising
advocacy advertising
Chapter 19 - Sales Promotion and Public Relations
sales promotion
consumer promotions
(samples, coupons, premiums, refunds/rebates, contests, bonus packs, event sponsorship)
trade promotions
(trade allowances, p.o.p. displays, contest/dealer incentives, trade shows)
advantages/disadvantages of each
public relations/publicity
publicity, public relations, difference between the two
advantages/disadvantages
cooperative (co-op) advertising