Author Question: One strength of promotions is that results can be measured to assess the success of a promotional ... (Read 106 times)

nelaaney

  • Hero Member
  • *****
  • Posts: 560
One strength of promotions is that results can be measured to assess the success of a promotional program. Name and describe the five characteristics by which completed promotion programs can be judged.

Question 2

A creative brief includes a description of the target audience.
 a. True
  b. False
 Indicate whether the statement is true or false



at

  • Sr. Member
  • ****
  • Posts: 359
Answer to Question 1

The five characteristics by which a completed promotion can be judged are:
1 . Expense. A promotion program's expense is the sum of the direct outlays invested in the promotion. Typical cost elements include the expense to create the promotion, costs to advertise it, and payouts for coupons redeemed, refunds paid, game prizes awarded, and so on.
2 . Efficiency. This represents a promotion's cost-per-unit moved. This metric is calculated by dividing the total cost of the completed promotion by the total units sold during the promotional period.
3 . Execution ease. This represents the total time and effort that went into the planning and execution of a promotion.
4 . Equity enhancement. This criterion cannot be measured objectively but involves a subjective assessment of whether a promotion has enhance a brand's image or possible even detracted from it. The evaluation depends on the brand positioning and target market situation.
5 . Effectiveness. A promotion's effectiveness can best be assessed by determining the total units of the promoted item that were sold during the promotional period.

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

For a complete list of videos, visit our video library