The IMC Foundation - The IMC planning process

24 important questions on The IMC Foundation - The IMC planning process

What are the three c's?

Customers, competitors and communication

What are the 6 steps in the IMC planning process?

- IMC planning
- Target markets
- Market segmentations
- Positioning strategies
- Communications objectives
- IMC compotnents

What are 4 kinds of customers?

- current customers
- Formet customers
- Potential new customers
- Competitor's customers
  • Higher grades + faster learning
  • Never study anything twice
  • 100% sure, 100% understanding
Discover Study Smart

What are the methods of segmenting consumer markets?

-Demographics
-Pshychographics
-Generations
-Geographic
-Geodemographics
-Benefits
-Usage

What are 3 forms of communications?

- Company communications
- Industry communications
- Competitor communications

What is geodemorgraphic segmentation?

Identifies potential customers using demographic information.

What is the VALS 2 typology psychographic segmentation?

Categorizes respondents into eight different groups based on AOI measures (activities Opinions Interests):
-Innovators
-Thinkers
-Achievers
-Experiencers
-Believers
-Strivers
-Makers
-Survivors

What is usage segmentation?

Examining a group based on usage or purchases.

What are the methods of segmenting business-to business markets?

-Industry
-Size of business
-Geopgraphic location
-Product usage
-Customer value

What are product positioning approaches?

-Attributes-differentiates the product from other products
-Competitors-using them to establish position
-User or application-
-Price quality relationship
-Product user- who might use it?
-Product class-coca cola with orange juice?
-Cultural sumbol-coca cola being seen as american

Name three communication objectives:

-Develop brand awareness
-Increase category demand
-Change customer believes or attitudes

What is a benchmark measure?

Represents the starting point that has been established in relation to the degree of change following a promotional campaign.

What is the threshold affect:

The point where the advertising program begins to affect consumer responses

What is the sales response function curce?

An S-shaped curve, that shows when threshold effects are present and when diminishing returns are present.

What is the concave downward function?

A model of diminishing returns on advertising expenditures on sales.

What are the wear-out effects?

Declines in advertising effectiveness that occur when an ad or marketing communication  becomes old or borring.

What are decay effects?

Decline in advertising effectiveness that occur when an advertising stops and consumers begin to forget about the company.

What is meet the competition budget?

A communication budget in which expenditures are raised or lowered to match the competition.

What is an objective and task budget?

A budget where management first calculates all the objectives and then come with the cost of accomplishing those objectives.

What is a pay-out planning budget?

A budgetting method that establishes a ratio, of advertising to sales or market share.

What is a cultural assimulator?

A person who is familliar with the local culture and eployed to help marketing efforts in that particular reason.

What are the 4 criteria for a viable market segment?

- Individuals within a segment are homogeneous
- Market segment is Different from population as a whole and distinct from other market segments
- Large enough
- Reachable

What are the 6 IMC components?

- Traditional advertising
- Trade promotions
- Consumer promotions
- Media spending
- Alternative media spending
- B2B media spending

What are 7 Globally integrated marketing communication tactics(GIMC)?

- Understand international market
- Borderless marketing plan
- Thinking globally but acting locally
- Local partnerships
- Communication segmentation strategies
- Market communication analysis
- Solid communication objectives

The question on the page originate from the summary of the following study material:

  • A unique study and practice tool
  • Never study anything twice again
  • Get the grades you hope for
  • 100% sure, 100% understanding
Remember faster, study better. Scientifically proven.
Trustpilot Logo