Author Question: One strength of promotions is that results can be measured to assess the success of a promotional ... (Read 97 times)

nelaaney

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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

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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



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