17.12.13

Advertising, sales and brand management




Definition of advertising
According to the American market association any paid form of non-personal presentation of ideas goods and services buying an identifying sponsor. In other wards the act or process of mass public city paid by a sponsor is called advertising.
Objectives of advertising
-          Preparing ground for new product:New product means introduction because potential customers have never used such product earlier and advertising prepare ground for new product.
-          Creation of demand:Certain economies are of the opinion that advertiser can create demand.
-          Facing competition:Under competitive condition acts help to build up brand image and brand loyalty. Brand image is impression offer particular product that form in the consumer mind.

-          Creation of good will:Advertising is often under taken with the objective of creation of good will in the mind of customer.
-          Informing changes to the customer:Informative advertising is used heavily when new product category binged introduce. Informative advertising explain how the product works, describe available services and inform the market of price change.
-          Reminder advertising:It is important for nature product. It keeps consumer thinking about the product.
Eg: coca cola as on TV are designed primary to remained people about coca cola not to inform or persuade them.

Social,legal and ethical aspect of advertising

Social aspect of advertising
Advertising is a part of firm marketing effort operates in the society. It has to,there for follow the social norms. The key areas of debates regarding a society and advertising are:
1.    Deception:
It refers not only to the information content in advertising but may also arise from misplace emphasis in presentation. According to federal trade commission of USA, advertising as a whole must not create a misleading impression although every statement separating considered may be literally truthful.

2.    Manipulation:
The freedom of choice of consumer is restricted buy the power of advertising since it can manipulate buyers into making a decision against their will or interests. Manipulation is done through emotional appends. Advertising company compounds are using scientific advertising techniques, which creates an impression in the minds of customers.
3.    Taste:
Sometimes ads, are offensive, tasteless, irritating and soon. This is due to sources of distaste which are creating a bad impression in the minds of customer.

Legal aspects of advertising
The government in each country has to make sure that advertisements appearing in different Medias like television. Internet social networks should not deviate from the rules and regulations.
It should not:
-          Show anti-national feelings.
-          Contain misleading information about the product.
-          Violate government rules.
Eg) weight, price, manufacturing date, date of expiry should be mentioned an the packing case.

Ethical aspects
Ethics are moral principles that govern a person’s behavior or conducting of an activity or in other words ethics are the moral standards against which behavior is judge.

The key areas of debate regarding ethics and advertising are:
1.    Truth in advertising:
By the usage of misleading statements consumer are deceived. Advertising company are playing with the emotions of the people.
2.    Advertising to children:
-          Advertising promotes super facility and materialism in children.
-          Children are in experience and easy prey.
3.    Advertising controversial product:
Tobacco , alcohol ,gambling are product catogaries of greatest concern. Advertisement of this product are having a bad impression on customers.

Chapter II CORPORATE STRATEGY

Our principles: We recognize that we must integrate our business values and operations to meet the expectations of our stakeholders. They ...