7.04 Adevertising and Sales Methods

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Created by:

GregParker  on March 21, 2012

Subjects:

Personal Finance

Classes:

P-TRIO

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7.04 Adevertising and Sales Methods

Print Ad
An ad in a newspaper, magazine, telephone directory, or other publication
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Definitions

Print Ad An ad in a newspaper, magazine, telephone directory, or other publication
Direct Mail Advertising Printed advertising sent by mail to consumers' homes
Commercial A breif, one minute or less, TV or radio ad use to promote a product
Infomercial A TV or radio ad that promotes a product and lasts 30 minutes or longer
Pop-Up Ad An ad that suddenly appears on a web page or in an email message
Billboard An ad posted on a sign along the highway
Federal Trade Commission (FTC) An agency that regulates advertising to ensure that ads are fair and accurate
Clearance Sale Sale to reduce existing product inventories
Seasonal Sale Sale at particular times of year
Going-Out-Of-Business Sale Sale when a business is be liquidated
Holiday Sale Sale during holiday time
Incentive A reward used to encourage spending
Coupon A small paper clipping that enables the holder to savings on a product
Rebate A partial refund of a product's purchase price
Sweepstakes A drawing to slect a winner of money or valuable prizes
Commission A percentage of sales income given to the salesperson
Trading Up Convincing customers to buy higher-priced items than they intended
Telemarketer A person who sell a line of products over the telephone
Door-To-Door Representative A person who goes house to house selling a line of products
Decor The way in which a store or place is decorated
Slogan/Jingle Catchy songs, rhymes, phrases used to help consumers remember products
Logo Graphics or symbols that represent a company, used to identify products
Beauty Appeal Product that makes you this beautiful, makes you like this person
Testimonial A postive statement made by a person who is endorsing a product or service---usually, a famous person
Endorsement An advertising message that reflects opinions, beliefs, findings, or experiences of a person or group other than the advertiser
Escape Associating products with beautiful, adventurous settings to create the illusion of escape for viewers
Lifestyle Associating a product with a desirable style of living
Bandwagon Attempting to convince consumers that everyone is using the product
Rebel Associating products with behaviors that contradict societal norms
Unfinished comparison Claiming a product "works better"---better than what?
Group Identification A message that, if you use this product, you will fit in with this group
Trendsetter A message that, if you use this product, you will stand out from the crowd
Hidden Fears A strategy of playing on the fears of consumers
Before-And-After Comparison "before" and "after" pictures show results of a product or treatment
Traditional Values Trying to associate with home and family
Puffery Exaggerated claims intended to increase a product's reputation or appeal
Loss Leader A nitem priced below the retailer's costs in order to attract customers
Price Comparison Offering products below retail value or implying that the same item is sold at higher prices at other stores
Bait And Switch A retailer advertises a product that it has no intention of selling, hoping to persuade consumers to come and buy a product at a higher price; customer is often told that the "bait" product is "sold out"
False Promise A promise of a free gift that actually requires that another item be bought first
Introductory Offer Indicates new merchandise selling at a price that will soon increase
Deceptive Pricing Advertising a "sale" price that is actually no better than the everyday price
Hidden Catch When details of an offer are not all clearly disclosed---extra charges, processing fees, other restrictions

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16.2 secs by GregParker