Tuesday 24 April 2012

Definitions of Some Marketing Terms

INTRODUCTION

 
The several tools of Integrated Marketing Communication have in no small measure contributed to the growth or development of transaction making as far as exchanges of goods and services are concerned.
 
All or almost all of these tools or better put mercenaries are augmented for the sake of achieving a good marketability for both goods and services of several kinds. These several modes of marketing however aim at achieving different purposes but nonetheless, they meet at a cross point of their need which is persuasion in order to spur or trigger the purchasing power of consumers, customers and prospects.
 
While some of these tools are hinged on inciting the audience to make a first trial of the good or service, others take a step further to sustain the interests of these audiences and make them get endeared to the product or service being promoted. 
 
1.      ADVERTISING
 
ü According to Bidemi Osunbiyi, cited in Noughton et al (1998:…) “Advertising is a controlled persuasive communication paid for by identifiable sponsor(s), about products, services or ideas and disseminated through the mass media to a target group”.
 
ü The Advertising Practitioners Council of Nigeria cited in Noughton et al (1998:…) defined advertising as; “…a form of communication through mass media about products, services or ideas; paid for by an identified sponsor”
 
ü Wright et al (1974) defined it as “… a powerful communication force and vital business tool. It interacts with numerous marketing concerns including personal selling, product development, branding, merchandising and research”.
 
ü According to Chris Doghudje cited in Dare (2002:…), “Advertising is a marketing tool whose sole aim is to build preference for advertised brand and service”.
 
ü American Marketing Association (AMA) cited in Dare (2002:…) says it is; “any paid form of non-personal presentation and promotion of ideas, goods and services by an identified sponsor for the purpose of imparting information to the consumer…that is, a process of disseminating a message through a paid, non-personal medium to a mass audience by an identified sponsor”.
 
2.     PUBLIC RELATIONS
 
ü Frank Jefkins defined PR as “all form of planned communication, outwards and inwards between an organization and its public for the purpose of mutual understanding”.
 
ü Cutlip and Center says PR is “the planned effort to influence opinion through socially, responsible performance based on mutually satisfactory 2-way communication.
 
ü The British Institute of PR sees the practice as “…a deliberate, planned and sustained effort to establish and maintain mutual understanding between an organization and its public”.
 
ü The World Assembly of Public Relations practice defined PR in 1978 as “…the art and social science of analyzing trends, predicting their consequences, counseling organizational leaders and implementing planned programs of action which will serve both the organization  and public interest”.
 
ü According to Ifedayo Daramola (2003), “Public relations are the totality of the human interactions, among the “ins” and between the “ins” of an organization and the public which constitutes the “outs” of such enterprise”.
 
3.     PERSONAL SELLING
 
ü George and Michael (2004) defined Personal selling as; “…a form of person-to-person communication in which a seller attempts to assist and/or persuade prospective buyers to purchase the company’s product or service or to act on an idea”.
 
ü According to Wasiu Tejuosho, Personal Selling is the sponsored, persuasive, verbal and personal presentation of ideas about products and services with the aim of building and holding affection of the potential consumers on a particular brand(s) towards an effective demand.
 
ü The Marketing Association of Personal Selling says it is; “…the personal and inter-personal process of persuading a prospective customer to buy a commodity, a service or to act favorably upon an idea that has commercial significance to the seller”.




ü Kotler (2003:564):"Personal Selling: face to face interaction with one or more perspective purchasers for the purpose of making presentations, answering questions, and procuring orders".

ü According to Jobber (2004:462) ‘personal selling is the marketing task that involves face-to-face contact with a customer. Personal selling permits a direct interaction between buyer and seller. This two-way communication means that the seller can identify the specific needs and problem of the buyer and tailor the sales presentation in the light of this knowledge’.
 
 
4.     DIRECT MARKETING
 
ü Peter Bennett defined direct marketing as; “…the total of activities by which the seller, in effecting the exchange of goods and services with the buyer, directs efforts to a target audience using one or more media (direct selling, direct mail, telemarketing, direct-action advertising, catalogue selling, cable TV selling, etc.) for the purpose of soliciting a response by phone, mail or personal visit from a prospect or customer”.
 
ü Wikipedia defined it as; “a channel-agnostic form of advertising that allows businesses and non-profits to communicate straight to the customer, with advertising techniques such as mobile messaging, e-mail, interactive consumer websites, online display ads, fliers, catalog distribution, promotional letters and outdoor advertising.
 
ü Online About.com defined Direct Marketing as “a type of advertising campaign that seeks to elicit an action (such as an order, a visit to a store or website, or requests for further information) from a selected group of consumers in response to a communication from the marketer”.
 
ü According to QFinance, an online professional finance resource, Direct Marketing is a method for trying to sell directly to consumers. The use of direct forms of advertising to elicit inquiries or sales from potential customers directly to producers or service providers. Direct response marketing aims to bypass intermediaries such as retailers or wholesalers.
 
ü Laura Lake, an online author defined the concept as that of; “…sending a promotional message directly to consumers, rather than via a mass medium. It includes methods such as direct mail and telemarketing”.
 
5.     EVENT MARKETING
 
ü Event Marketing is a promotional strategy linking a company to a special event (sponsorship of sports competition, festivals, etc.) to support corporate objectives. Often used as a synonym for sponsorship.
 
ü Event Marketing can also be described as an activity of designing or developing a themed activity, occasion, display, or exhibition ( such as; sporting events, music festivals, fairs or concerts) to promote a product cause or an organization.
 
ü Events Marketing may encompass corporate hospitality activities, business or charity functions or sporting occasions. The planning, marketing and managing of the function on the day are sometimes entirely outsourced to companies specializing in event management.
 
ü Events Marketing is a way of creating an environmental attraction to publicise a product and the marketer can give away free samples and special promotional materials while developing a positive image for the product.
 
ü Cambridge dictionary described it as; “the job of advertising products by selling or providing them at events in order to gain new customers”.
 
 
6.     MERCHANDISING
 
ü Wikipedia defines it as the methods, practices and operations used to promote and sustain certain categories of commercial activities.
 
ü Barbara Farfan posited that merchandising is; “…any practice which contributes to the sale of products to a retail consumer”.
 
ü Macmillan online dictionary defined it as; “the business of arranging and showing products in shops in a way that makes people want to buy them”.
 
ü .net definitions described it as; “…the marketing of a product including sales promotion, advertising and the likes. It could also be defined as the exchange of goods for an agreed sum of money”.
 
ü Online Business dictionary says it if the activity of promoting the sale of goods at retail.
 
 
 

REFERENCES;

 
Ø Armstrong G., Kotler P. (2000). Marketing: An Introduction. (5th ed.) New Jersey : Prentice Hall.
 
Ø Barton Weitz et al., Selling (Burr Ridge, II: Irwin, 1995), p.6
 
Ø Belch, George and Belch, Michael (2004). Advertising and Promotion-an Integrated Marketing Communications Perspective (Sixth Edition). New York ; McGraw Hill.
 
Ø C. Noughton et al (1998). Introduction to Advertising. Lagos ; Daily Times of Nigeria .
 
Ø Daramola, Ifedayo (2003). Introduction to Mass Communication (Second Edition). Lagos ; Rothan press Limited.
 
Ø en.wikipedia.org/wiki/Direct_Marketing
 
 
 
 
 
 
 
 
 
Ø Jobber D. (2004). Principles and Practice of Marketing. (4th ed.) UK : McGraw Hill.
 
Ø Odufowokan, Dare .A. (2002). A Dare and Read Handbook on Advertising. Lagos ; Axewood Productions Ltd.

1 comment:

  1. thank you. this has been very helpful
    rachael balogun
    mass communication
    caleb university

    ReplyDelete