Promotion is all about communication. Promotion is the way in a business makes its products known to the customers, both current and potential.
It is a common mistake to believe that promotion by business is all about advertising. It isn't. There are a variety of approaches that a business can take to get their message across to customers, although advertising is certainly an important one.
The main aim of promotion is to ensure that customers are aware of the existence and positioning of products. Promotion is also used to persuade customers that the product is better than competing products and to remind customers about why they may want to buy.
It is important to understand that a business will use more than one method of promotion. The variety of promotional methods used is referred to as the promotional mix.
Which promotional methods are used depends on several factors:
Stage in the life cycle
E.g. advertising is important at the launch stage
Nature of the product
How much information is required by customers before they buy
What are rivals doing?
How much can the firm afford?
Other elements of the mix (price, product, place etc)
Appropriate ways to reach the target market
The main methods of promotion are:
A business will use a range of promotional activities for its product, depending on the marketing strategy and the budget available.
The way in which promotion is targeted is split into two types:
Above the line promotion – paid for communication in the independent media e.g. advertising on TV or in the newspapers. Though it can be targeted, it could be seen by anyone outside the target audience.
Below the line promotion – promotional activities where the business has direct control e.g. direct mailing and money off coupons. It is aimed directly at the target audience.
We'll use this Series to curate resources that support teachers and students preparing for the BUSS4 Section A Research Theme on Manufacturing in the UK (June 2015). These resources will complement our popular BUSS4 Section A Toolkit on Manufacturing and the BUSS4 Exam Coaching Workshops which also include sessions on Manufacturing.
Our Year 1 (AS) Course Companion is the designed as a high quality and cost-effective replacement for expensive and overly complicated textbooks. The Course Companion maps precisely against the specification and teaching content for Year 1 (AS) and provides students with comprehensive and concise coverage of what students really need to know and understand.