answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
REY [17]
2 years ago
14

When leo burnett combines advertising, personal selling, public relations, and sales promotion into one comprehensive, unified p

romotional strategy, it is using integrated?
Business
2 answers:
sertanlavr [38]2 years ago
8 0

The answer is an integrated marketing communication .

<h2>Further Explanation </h2>

Integrated marketing communication (IMC) is a marketing strategy that combines all communication tools or media in marketing a product. In other words, IMC does not only use one media in its strategy but uses various kinds of media that are integrated and support one another. IMC functions to coordinate each media so that it is used optimally so that it can convey messages properly and reach the appropriate target consumers.

Following are the models of integrated marketing communication

1. Advertising

Advertising is one of the most effective ways to promote a product. Advertising is generally used often in the IMC process because it is persuasive and spread through the mass media. The variety of media in advertising makes your product can be promoted in various ways and aimed at various target consumers. For example, if you advertise in the newspaper, then the target consumers who might see your ad are people aged 50 years and over who are still reading the newspaper. Or if you advertise on the radio, those who will hear your ad are young people and adults.

2. Sales Promotion

If the function of advertising is to introduce your product to the target consumer, sales promotion aims to increase sales of your product. Sales promotion can trigger the target consumer to buy your product again. Ways such as giving discount coupons, sweepstakes, or giving free samples, are examples of sales promotion activities. You can also make promotions in the form of "Buy 1 Free 1" or cashback. By relying on sales promotion, people tend to be more interested in trying or buying back the products you offer.

3. Public Relations

Public relations (PR) is one model of integrated marketing communication. The function of this activity is to build a good relationship between your company and consumers, and also to build a positive image of your company. This model is very important for you to apply in the IMC strategy because this can determine the success of your other marketing strategies. If you do not have a good relationship with consumers, then they will not receive any information that you provide. You can carry out PR activities in various ways, such as holding an event, sponsoring an event, or delivering positive news about the company.

4. Direct Marketing

One form of marketing strategy that is considered as the old way in the world of marketing is direct marketing. This model requires you to contact the target consumer directly via telephone, SMS, or direct visit. Although considered as the old way, but this marketing model should not be underestimated. If advertising reaches many people at the same time, direct marketing tends to reach individuals and build good relationships personally. Therefore, the results of direct marketing can be evaluated directly so that companies can improve their marketing strategies quickly.

5. Social Media Marketing

Use social media to strengthen your IMC strategy. If you have advertised your product, marketed it directly, and have built a good relationship with consumers, then social media will be useful as a reminder of your product. The appearance of your product on social media will be easily seen and accepted by many people.

Learn more

definition of Integrated marketing communication brainly.com/question/4360948

he models of integrated marketing communication brainly.com/question/4360948

Details

Grade: High School

Subject: Business

keywords: Integrated marketing communication

elena55 [62]2 years ago
4 0
Leo is using INTEGRATED MARKETING COMMUNICATION. This is a type of promotional strategy that combines all the available advertising techniques in order to achieve the maximum consumers' response possible. Integrated marketing major aim is to present positive brand image of the company to the consumers in order to meet the marketing goals of the company.
You might be interested in
A trader wishes to unwind a position of 200,000 units in an asset over eight days. The dollar bid–offer spread,as a function of
suter [353]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
2 years ago
A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe
DENIUS [597]

Answer:

Number of car washed is 92

So option (a) is correct answer

Explanation:

It is given that 4 workers can wash 80 cars per day

Means initially 80 cars are washed per day

And it is given that rate of car wash is $5 per car

Now price of workers is $60 per day

As per car wash is $5

So number of extra car washed =\frac{60}{5}=12

So total number of car washed = 80 + 12 = 92 cars per day

So option (a) is correct answer

7 0
2 years ago
Deep Hollow Oil issued 135,000 shares of stock last week. The underwriters charged a spread of 8.05 percent in exchange for agre
Neporo4naja [7]

Answer:

The ratio of flotation cost to funds raised is 20.13%

Explanation:

First of all, it is noteworthy that actual amount received per share by Deep Hollow Oil is the issue price minus the underwriting spread of $2.6565 (8.05% of $33),in other words the net issue price is $30.3435

The total amount raised is $ 4,096,372.50 (135000*$30.3435 ),while total flotation costs are as follows:

Underwriting costs                    $ 358,627.50  

Legal and accounting fees       $418,000

Indirect costs                              $48,000

Total flotation costs                   $824,627.50  

However, the flotation costs as a percentage of funds raised is given below:

$824,627.50  /$4,096,372.50=20.13%

6 0
2 years ago
You are considering a 10-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require a
Schach [20]

Answer:

$1,061.28

Explanation:

We need to calculate the present value of the bond using the minimum effective rate of 7.1225%

First we calcualte the present value of an annuity of $80 for 10 years

C * \frac{1-(1+r)^{-time} }{rate} = PV\\

80 * \frac{1-(1+7.1225%)^{-10} }{7.1225%} = PV\\

PV = $558.72

Then we calculate the $1,000 in 10 years present value

\frac{Principal}{(1 + rate)^{time}}= PV

\frac{1,000}{(1 + 7.1225%)^{10} } = PV

PV =  $502.57

Then we add both values

$502.57 + $558.72 = $1,061.28

This will be the present value AKA market price which yields the minimun rate of 7.1225%

7 0
2 years ago
On December 31, 2018, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela
Vadim26 [7]

Answer:

December 31, 2018, bonds are issued

Dr Cash 461,795

    Cr Bonds payable 450,000

    Cr Premium on bonds payable 11,795

amortization expense per coupon = $11,795 / 6 coupon payments = $1,965.83

June 30, 2019, first coupon payment

Dr interest expense 18,284.17

Dr Premium on bonds payable 1,965.83

    Cr Cash 20,250

The amortization of the premium on bonds payable decreases the interest expense.

7 0
2 years ago
Other questions:
  • When one department store authorized thousands of its sales clerks to handle functions normally reserved for store managers, suc
    5·1 answer
  • Huxley Building Supplies' last free cash flow was $1.75 million. Its free cash flow growth rate is expected to be constant at 25
    14·1 answer
  • If the best operating level of a piece of equipment is at a rate of 400 units per hour and the actual output during an hour is 3
    9·1 answer
  • Up in Smoke Tobacco Shops' bond carries a 9 percent coupon, pays interest semiannually, and has 10 years to maturity. What is th
    14·1 answer
  • A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which
    9·1 answer
  • The COB Division of Northern Corp. produces and sells a product to both external customers and other Northern divisions. Per-uni
    15·1 answer
  • Barry, a solvent individual but a recovering alcoholic, embezzled $6,000 from his employer. In the same year that he embezzled t
    14·1 answer
  • You’ve collected the following information from your favorite financial website.
    15·1 answer
  • McDonald's Corp has a preferred stock paying a dividend of $19 and has a market price of $178. Calculate the cost of capital for
    8·1 answer
  • If you have a choice to earn simple interest on $10,000 for three years at 8% or annually compounded interest at 7.5% for three
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!