Professional Documents
Culture Documents
Vikreta Promotion Strategy Assignment For Session 10-11
Vikreta Promotion Strategy Assignment For Session 10-11
Q1. What can be different objectives and missions of a Marketing Promotion? Elaborate with
examples.
To make the item and brand mindful - Several business advancement procedures are
exceptionally viable in presenting clients to items and brands interestingly and can fill
in as key special parts in the beginning phases of the new item and brand presentation.
This mindfulness is the reason for any remaining future special exercises. Special
exercises inspire the clients to attempt new items and brands and the sellers likewise
promote the new items and brands.
To give data - Promotional exercises give significant data about the item to the clients.
This goes quite far in changing over interest into real deals.
To invigorate requests - Effective special exercises can animate interest for the item
by persuading the clients to purchase the items.
To support the Brand - Promotion can be utilized to build up or fortify the brand in the
personalities of the clients. This will guarantee rehash deals of the item over the long
haul.
To initiate existing clients to purchase more - Promotion exercises can expand the buys
made by the current clients by causing them to consume a greater amount or consume
on more events.
To assist the firm with staying serious - Companies attempt deals advancement
exercises to stay cutthroat on the lookout. Hence, in the cutting-edge serious world,
no firm can get away from deals advancement exercises.
To expand deals in slow times of year - Sales of the items normally decrease during
the slow time of year. In this manner, limited-time exercises can be executed during
the slow time of year to keep up with or even increment the deals. Procedures, for
example, slow time of year limits, slow time of year offers can accomplish this.
Q2. What are the different budget allocation methods? Elaborate with examples.
Percentage of sales method: It is a commonly used method; the amount of advertising
is decided based on sales. The advertising budget is a specific percent of sales. The
sales may be current or anticipated. Sometimes, past sales are also used as the base
for deciding on ad budget. For example, the last year's sales were Rs. 3 more and the
company spent Rs 300000 on advertising. The company has spent 1% of sales in the
last year.
Objectives and Task Method: This is the most appropriate ad budget method for any
company. It is a scientific method to set an advertising budget. The method considers
the company's environment and requirements. Objectives and task methods guide
the manager to develop his promotional budget by defining specific objectives,
determining the task that must be performed to achieve them, and estimating the
costs of performing the task. The sum of these costs is the proposed amount for an
advertising budget.
Ex- if the close competitors spend 3% of net sales, the company will spend, more or
less, the same percent for advertising.
Affordable or Fund Available Method: his is, in the real sense, not a method to set an
advertising budget. The method is based on the company's capacity to spend. It is
based on the notion that a company should spend on advertising as per its capacity. A
company with a sound financial position spends more on advertising and vice versa.
1. JWT- India
2. Grey India
3. DDB Mudra communications.
4. Rediffusion (Y & R)
5. McCann- Erickson India ltd
6. Traverse Advertising ltd
7. Ogilvy & Mather
8. FCB- ULKA advertising ltd
9. Dentsu Aegis
10. Chaitra Leo Burnett pvt ltd
Q3 (b): Write a Creative Brief for a campaign to launch a new product of your choice. The brief
needs to be given to the Creative Agency which is executing the promotion campaign.
Lay's is a brand of potato chip varieties, as well as the name of the company that
founded the chip brand in the United States. It has also been called Frito-Lay with
Fritos.
Leading potato chips brand Lays want to lunch to lunch a new product which is
known as “Lays lightly salted “chips.
The goal and objective of the camping are to create awareness of the new product to
the customer and to increase the sales of this product.
The primary message for the camping is to create a brief about the new product,
increase awareness, and develop interest.
Camping strategy for a new product can be aware through making advisement in
newspaper, Tv, magazine and other news media also through YouTube, Twitter, and
Facebook.
Q5. Explain the following Message Strategies with your own examples:
a. Cognitive Strategy
b. Affective Strategy
c. Behavioural Strategy
Elaborate which strategy works in which case by relating to Objective of the campaign and
Decision-Making-Process of the consumer.
a. Cognitive Strategy - A cognitive message strategy is the presentation of rational
arguments or pieces of information to consumers. These ideas require cognitive
processing. When a cognitive message strategy is used, the advertisement's key
message is about the product's attributes or the benefits.
b. Slice-of-life - Slice of life describes the depiction of mundane experiences in art and
entertainment. In theatre, slice of life refers to naturalism, while in literary parlance it
is a narrative technique in which a seemingly arbitrary sequence of events in a
character's life is presented, often lacking plot development, conflict and exposition,
as well as often having an open ending. an example of what ordinary life is like:
something (such as a story or movie) that shows what ordinary life is like the story
is/shows/presents a slice of life in a small Midwestern town.
c. Dramatization - When you dramatize, you create a picture in the prospect's mind –
one that lasts longer than just a verbal presentation. Dramatizing aids salespeople. It
creates enthusiasm; it builds up salespeople's confidence in their own abilities and in
their products and services.
Q10. What is Above-the-Line (ATL) Promotion? Explain the following ATL Promotion tools.
a. Advertising
b. Sales Promotion
c. Public Relations and Publicity
d. Events and Experiences
Ans. Above-the-line marketing, often known as ATL advertising, refers to promotional
operations that are primarily non-targeted and have a broad reach. ATL communication is
used to develop a brand and educate people about a product. Above-the-line advertising
places less emphasis on conversions.
b. Sales Promotion - Sales promotion is one of the elements of the promotional mix. The
primary elements in the promotional mix are advertising, personal selling, direct
marketing and publicity/public relations.
c. Public Relations and Publicity - Public relations (PR) is the practice of managing and
disseminating information from an individual or an organization (such as a business,
government agency, or a non-profit organization) to the public in order to affect their
public perception. Public relations aim to create or obtain coverage for clients for free,
also known as earned media, rather than paying for marketing or advertising also
known as paid media.
c. Advertising Unit - Ad units are containers you place in your apps to show ads to users.
Ad units send ad requests to AdMob, then display the ads they receive to fill the
request. When you create an ad unit, you assign it an ad format and ad type(s). Ad
format describes the way ads will look in your app and where they'll be located.
e. Continuity - Continuity program is the sales offer by the company where a buyer
agrees to receive products at regular intervals.
e. Target Rating Point (TRP) - It provides information about the reach and frequency of
advertising message towards a target audience.
d. Click-through Rate - This is the percentage of people who clicked the ad from the total
impressions. For example, if you had 10,000 impressions and 100 clicks, your CTR is
1%. For display ads, a 0.6% CTR is average. For Google Search Ads, 3% or so is pretty
good, for Facebook .9% is the average across all industries.
e. Applications Completed
f. Conversion - A conversion occurs when a visitor to your website completes a desired
goal, such as filling out a form or making a purchase. The percentage of total visitors
that convert is called your conversion rate.
g. Engagement - The term refers to how consumers interact directly with the brand
through different actions, such as clicks, likes, comments, and shares. This is important
not only to increase the company’s reach and relevance in the Internet scenario but
also to facilitate the creation of profitable relationships. The more engaging brand
experiences are, the higher the lead conversion rate is.
h. Cost per Mille Impressions (CPM) - In online advertising and digital marketing, CPM is
the cost-per-thousand-impressions or simply the price a marketer would pay to
receive 1,000 campaign impressions.