The Role of Promotion

Promotion is defined as the coordination of all seller-initiated efforts to
set up channels of information and persuasion to sell goods and services or promote an idea. It
should be noted that promotion is best viewed as the communication function of marketing. The
discussion of Integrated Marketing Communications (IMC) should point to how other marketing
elements such as brand name, package design, price or the physical retail space
implicitly/explicitly communicates with consumers. However, most of an organization’s
communications with the marketplace takes place through a carefully planned and controlled
promotional program which utilizes elements of the promotional mix. The promotional mix is
defined as the basic tools or elements that help the firm to sell more product; these efforts create
the top line of an income statement (revenue or sales). Because marketers create top line growth;
they usually make more money than other positions within the firm, ceteris paribus.
The IMC Promotional Mix includes these venues/mediums:
1. Advertising
2. Direct Marketing
3. Interactive/Internet
4. Sales Promotion
5. Publicity/Public Relations
6. Personal Selling
7. Social Media
(NOTE: The distinction should be made between publicity and public relations noting that public
relations generally has a broader objective than publicity, as its purpose is to establish and
maintain a positive image of the company among its various publics. Publicity is an important
communications technique used in public relations; however other tools may also be used.

 

Sample Solution

The ideology of austerity can be identified in the year of 2018, the year in which many European countries claimed a global and economic financial crisis, also known as the great recession. As Blyth (2013, P.2) defined “Austerity is a form of voluntary deflation in which the economy adjusts through the reduction of wages, prices, and public spending in order to restore competitiveness which is supposedly best achieved by cutting the state’s budget, debts, and deficits.” Governments do not implement austerity measures lightly. The procedures are only implemented in forced credit market circumstances. In the event in which European austerity occurred, many investors and investing countries were no longer confident in the capability in which these European countries could repay the government debt, to reassure the credit market these our conservative government implemented spending cuts and reducing budgets. As Described by Ferguson and Woodward, “The overwhelming majority of people who use social work services in Britain today belong to that fifth of the population officially designated as ‘poor’ and, as such, are likely to be most affected by rising prices and economic insecurity” (2009,P.2). This quotation shows a clear legitimate link between social work practice and austerity itself. Austerity evokes the neoliberal longing to emphasise a capitalist production of private markets, this being the drivers of growth within our conservative government’s future ideology to deregulate labour markets in turn of privatisation. Austerity allows capitalism to bloom and private sectors creep into control of our public sector. For example, privatisation of the national health service, a re-occurring subject discussed within the house of commons to date. Austerity measures generally increase unemployment as government spending falls. The system of austerity is one which was implemented on the basis of inequality, this affecting the most vulnerable individuals within society, whilst leaving the higher socio-economic group unharmed.

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