Marketing

Place Utility: Adding Consumer Value by Locating Products in Convenient Locations
Place Utility refers to the value added to products by making them available at locations convenient for consumers. It is a crucial component in the marketing mix and adds significant value to the consumer experience.
Point-of-Purchase Display: Promotional Device at Retail Locations
A Point-of-Purchase (POP) display is a promotional tool located at retail locations, providing consumer information and product advice, often using computer-driven technology.
Positioning: See [Position]
Refer to the entry on 'Position' for detailed information and comprehensive coverage on the concept of Positioning.
Possession Utility: Additional Consumer Value Created by Ownership Transfer
Possession Utility refers to the additional value that consumers gain from the ability to own a product, facilitated through various strategies like time payment, leasing, and credit purchase.
Prestige Pricing: Assumed Quality at a Higher Cost
Prestige Pricing reflects the assumption that consumers perceive higher-priced items as higher quality, leading firms like Tiffany's to avoid inexpensive retail items.
Primary Market Area: Major Editorial and Advertising Coverage
A detailed exploration of Primary Market Area (PMA), its implications in media, advertising, and sales distribution with historical context and real-world applications.
Primary Package: Unit-Level Packaging
The primary package is the immediate container in which a product is sold to consumers. It is designed for single unit sale, providing essential protection and branding for the product.
Private Brands: Definition, Comparison, and Insights
Private Brands are product brands owned by a retailer or a wholesaler rather than the manufacturer, offering cost-effective alternatives to national brands.
Prize Broker: Arranger of Barter Exchanges for Broadcast Time
A Prize Broker facilitates the exchange of merchandise for free broadcast time or publicity plugs on radio or television shows, often working with game shows.
Product Life Cycle: Stages and Marketing Strategy
The Product Life Cycle (PLC) describes the progression of a product from its introduction to its decline, helping managers develop effective marketing strategies.
Promotion Mix: Strategy to Support Marketing Objectives
Comprehensive overview of the Promotion Mix that supports marketing objectives through various techniques such as advertising, personal selling, publicity, and sales promotion.
Pull Strategy: Promotional Techniques to Drive Consumer Demand
Pull Strategy is a promotional strategy wherein sellers target end-users with marketing efforts to create demand for a product, leading retailers to request the product from wholesalers or manufacturers.
Qualitative Research: Exploratory Methods for Insights
Qualitative Research explores the quality, type, or components of subjects. It is essential in advertising audience research to understand and improve audience responses.
Quota: Predetermined Goals in Sales and Media
A comprehensive definition of quota, including its types, historical context, applicability, and related terms.
Rate Card: Advertising Cost Documentation
A rate card is a document used in advertising that provides the cost per advertising unit. It includes space, time, mechanical requirement data, and other pertinent information.
Reach: Definition and Importance
Comprehensive overview of Reach in the context of marketing, advertising, and communications.
Referral: A Comprehensive Guide
An in-depth understanding of referrals, their types, importance, and applications in professional and personal contexts.
Related-Item Approach: A Comprehensive Overview
An in-depth examination of the Related-Item Approach, a method in marketing and merchandising that enhances customer experience and sales by suggesting complementary products.
Relationship Marketing: A Strategic Approach to Long-Term Success
Explore the concept of Relationship Marketing, a marketing strategy focused on building long-term relationships with customers, suppliers, and distributors to enhance overall profitability and success.
Reminder Advertising: Sustaining Customer Awareness
Reminder advertising is a marketing strategy aimed at maintaining the recall of a product or service to existing customers. It ensures that the brand stays in the customer's mind post-purchase, aiding in customer retention and continued engagement.
Response Projection: Forecasting Expected Responses to a Promotion
A comprehensive look at Response Projection—a method used to forecast total expected responses to a promotion based on current responses or historical data. This allows marketers to make informed decisions about additional promotions and fulfillment planning.
Retailer's Service Program: Enhancing Competitive Edge for Retailers
A comprehensive look at Retailer's Service Program, focusing on how advertising, promotion, and similar sales enhancement services help independent retailers remain competitive. This includes cooperative advertising, display materials, and advertising layouts provided by producers or wholesalers.
Reverse Channels: Channel of Distribution
A detailed exploration of Reverse Channels in marketing, focusing on the mechanism where products move from the consumer back to the producer. This includes examples such as recycling and product recalls.
Run of Schedule (ROS) Advertising: Flexible Ad Placement
A comprehensive guide to Run of Schedule (ROS) advertising, explaining how advertising time is allocated in broadcast schedules, the benefits, considerations, and pricing structures involved.
SALE: Comprehensive Overview of Exchange of Goods and Services for Money
Detailed explanation of SALE in various contexts such as general exchange, finance, law, marketing, and securities, including historical context, industry application, related terms, and FAQs.
Sales Effectiveness Test: Evaluating Marketing Efficacy
An examination of techniques designed to judge the ability of an advertising campaign, promotion, or communications medium to sell a product.
Sales Promotion: Boosting Sales through Strategies and Incentives
An in-depth exploration of sales promotion activities, techniques, and tools aimed to augment advertising and marketing efforts, coordinate with personal selling, and enhance product or service sales through various incentives.
Sales Area Marketing, Inc.: Overview and Insights
Sales Area Marketing, Inc. (SAMI) is a specialized company focused on providing marketing strategies, solutions, and services tailored to specific geographical sales areas.
Sample Buyer: Individual Who Purchases or Obtains Product Samples
A Sample Buyer is an individual who purchases at a special introductory rate or obtains at no cost a sample of a product. Typically, these products are small-sized versions, such as travel-sized bottles of shampoo or single-use boxes of detergent. This practice is commonly used within marketing strategies to introduce potential customers to new products.
Sampling: Techniques and Applications
Sampling refers to the selection of a subset of individuals from a larger population to represent the whole. It is widely used in marketing research for studying group behaviors and in sales promotion to encourage product usage.
Service Fee: Compensation to Advertising Agencies
An in-depth examination of service fees paid by advertisers to advertising agencies, including types, rates, examples, and related terms.
Shopper: Potential Customer and Local Advertising Newspaper
An in-depth look at the term 'Shopper,' including its definitions as a potential customer and a local advertising newspaper, also known as a shopping newspaper.
Source Evaluation: Optimizing Marketing Expenditures
Source evaluation identifies and analyses the channels of sale that generate orders or customers, enabling marketers to focus their promotional efforts efficiently.
Special Purchase: An Insight Into Retail Advertising
Understanding the term 'Special Purchase,' often used by retailers under federal controls for advertising special sales focusing on low prices.
Specialty Advertising: Innovative Advertising Medium
Specialty Advertising involves using advertising novelties such as buttons, bumper stickers, and balloons to convey marketing messages.
Specialty Selling: Direct Retailing of Unique Items
Specialty Selling involves the direct retailing of items or services not generally carried in a retail store, such as encyclopedias and life insurance.
Spokesperson: Individual Representing a Product or Service
A Spokesperson is an individual who speaks on behalf of a product or service, often becoming associated with it through their representation.
Standard Advertising Register: A Comprehensive Directory for the Advertising Industry
The Standard Advertising Register provides essential insights and directories, including the Standard Directory of Advertising Agencies and the Standard Directory of Advertisers, known for their red covers and indispensable utility in the advertising industry.
Steady-Growth Method: Subscription-Based Business Growth Technique
A detailed examination of the Steady-Growth Method, a technique for estimating the cost and impact on profitability of building a rate base over time through various sources of business.
Store Brand: In-House Products by Retailers
An in-depth exploration of store brands, also known as private labels, which are products carrying the retailer's name, such as Kroger or Safeway, in contrast to manufacturer brands.
Survey Area: Geographic Location in Studies and Radio Markets
A Survey Area refers to a specified geographic region represented by a sample group in research studies or the geographical scope in a radio market.
Target Audience: Understanding the Basics
A detailed exploration of the concept of Target Audience, its importance in advertising and marketing, relevant characteristics, and practical examples.
Target Market: Definition and Analysis
A comprehensive examination of 'Target Market,' focusing on its definition, different types, historical context, and strategic importance for businesses.
Telemarketing: Interactive Telephone Marketing
Telemarketing is the use of the telephone as an interactive medium for promotion or promotion response. This includes receiving orders, inquiries, and donation pledges in response to print and broadcast advertisements, catalogs, and direct-mail promotions.
Television Support Advertisement: Enhancing Multimedia Campaigns
Television Support Advertisement: A strategic use of the television medium to boost multimedia campaigns by announcing supplementary materials and reminders.
Test Market: Introduction and Evaluation of New Products
A test market is a selected geographic location for introducing a new product, new advertising campaign, or both, allowing for performance evaluation on a smaller scale before broader implementation.
Test Marketing: A Crucial Step in Product Development
Test marketing is a pivotal phase in the product development process, allowing companies to gauge consumer reactions and refine strategies before a full-scale launch.
Testimonial: Statement of Worth or Value
A comprehensive understanding of testimonials and their significance in advertising by providing a statement of worth or value by a respected source.
Trade Promotion: A Sales Strategy
An in-depth look at Trade Promotion, including its types, implications, historical context, and how it compares to Trade Allowance.
Trial Buyer: Temporary Access to Products or Services
A detailed exploration of Trial Buyers, their role, characteristics, and how they compare to other similar categories such as Trial Offer and Trial Subscriber.
Trial Offer: Temporary Product Use Before Purchase
Definition and detailed explanation of a trial offer, a marketing technique that allows first-time buyers the opportunity to examine, use, or test a product before deciding whether to purchase it.
Trial Size: An Effective Marketing Tool
A comprehensive explanation of Trial Size, its purpose, implementation in marketing strategies, historical context, and real-world examples.
Variable Pricing: Marketing Strategy
Variable Pricing is a marketing strategy that allows a different price to be charged to different customers or at different times, commonly used by airlines, hotels, street vendors, and antique dealers.
Vertical Discount: Special Reduced Rate for Media Time Slots
A detailed definition and overview of vertical discount in the context of purchasing radio or television time slots within a specific duration.
Advertising Budget: Definition, Methods, and Goals
An in-depth exploration of advertising budgets, including their definition, various methods for setting a budget, and the primary goals they seek to achieve.
Affiliate Marketer: Definition, Examples, and Comprehensive Guide to Getting Started
Learn what an affiliate marketer is, explore real-world examples, and get a step-by-step guide to starting your own affiliate marketing journey. This comprehensive entry covers everything you need to know about affiliate marketing.
Augmented Product: Definition, Mechanisms, and Practical Examples
An in-depth examination of augmented products, including definitions, mechanisms, practical examples, and their importance in differentiating offerings in the competitive market.
Brand Awareness: Definition, Mechanisms, and Strategies
Explore the concept of brand awareness, how it functions within marketing, and effective strategies for enhancing consumer recognition of products or services.
Brand Extension: Definition, Mechanisms, Examples, and Critique
Explore the concept of brand extension, including its definition, how it works, real-world examples, and common criticisms to understand its impact on business strategy.
Brand Identity: Definition, Components, and How to Create One
A comprehensive exploration of brand identity, detailing its definition, core components, and strategies to build a strong brand identity that resonates with consumers.
Cross-Selling: An Effective Strategy for Selling Related Products to Existing Customers
Discover the concept of cross-selling, its significance in marketing, and how businesses effectively utilize this strategy to increase sales by offering related or complementary products to existing customers.
Digital Marketing: Definition, Types, and Examples
Comprehensive guide to digital marketing, exploring its definition, various types, examples, historical context, and applicability in today's business environment.
Early Adopter: Definition, Benefits, and Examples
An Early Adopter is a person or business that acquires a new product or technology before the majority. This article explores the advantages of being an early adopter, real-world examples, and related concepts.
Green Marketing: Definition, Examples, and How It Works
An in-depth exploration of Green Marketing, including its definition, practical examples, and the mechanisms behind this environmentally-focused marketing strategy.
Guerrilla Marketing: Definition, Examples, and History
Discover the innovative world of guerrilla marketing, a strategy involving novel and unexpected promotional techniques to create memorable brand experiences. Learn about its origins, key campaigns, and its impact in the marketing landscape.
Halo Effect: Understanding Consumer Bias Through Favorable Experiences
The halo effect is a cognitive bias whereby a consumer's positive perception of a maker's products influences their perceptions of other products by the same maker. This entry explores the overview, history, examples, and implications of the halo effect in consumer behavior.
Harvest Strategy: Definition in Marketing and Investing
Explore the concept of a harvest strategy, a plan to reduce or terminate spending on a product or product line to maximize profits in marketing and investing.

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