“Analyzing The Elements Of The Promotional Mix And Their Respective Roles In Imc For The Coca Cola And Suggestive Version Of Promotional Mix With Proper Reasoning”
For analyzing the promotional mix and IMC roles we have to know first about promotional mix and Integrated Marketing Communications (IMC).
The Promotional Mix:
1. Advertising- Any paid presentation and promotion of ideas, goods, or services by an identified sponsor. Examples: Print ads, radio, television, billboard, direct mail, brochures and catalogs, signs, in-store displays, posters, motion pictures, Web pages, banner ads, and emails.
2. Personal Selling- A process of helping and persuading one or more prospects to purchase a good or service or to act on any idea through the use of an oral presentation. Examples: Sales presentations, sales meetings, sales training and incentive programs for intermediary salespeople, samples, and telemarketing. Can be face-to-face or via telephone.
3. Sales Promotion- Incentives designed to stimulate the purchase or sale of a product, usually in the short term. Examples: Coupons, sweepstakes, contests, product samples, rebates, tie-ins, self-liquidating premiums, trade shows, trade-ins, and exhibitions.
4. Public Relations- Non-paid non-personal stimulation of demand for a product, service, or business unit by planting significant news about it or a favorable presentation of it in the media. Examples: Newspaper and magazine articles/reports, TVs and radio presentations, charitable contributions, speeches, issue advertising, and seminars.
Source: wikipedia.org
Integrated Marketing Communications (IMC),
according to The American Marketing Association, is “a planning process designed to a ...