ADVERTISING FREQUENCY – when many BRAND ADVERTISING - which aims to stimulate repetitions are needed to present the brand’s demand for a particular product. message to consumers, the advertising budget INSTITUTIONAL ADVERTISING - which aims to must be larger. develop goodwill for a company or industry. MUSICAL MEMORIES – Open stored remember ADVOCACY ADVERTISING - This aims to form childhood days. Tune convince audiences regarding a particular cause CONSUMER ADVERTISING - targets the PUBLICITY - is a non-paid, non-personal ultimate users of the product, convincing them communication of information about product to purchase the item for personal or household and services, also uses the mass media. use. SALES PROMOTION - includes activities that will MEDIA – channels that carry message to the promote to increase sales for the product or audience service by planning for freebies or samples, INDUSTRIAL ADVERTISING - targets premiums, price off, and contest. businessmen, convincing them to purchase the MAKETING MIX product advertising for the use in their ADVERTISING MIX- Composed of critical operations. advertising decisions to be made before an MEASUREMENT – pertains to evaluation of advertising program can be implemented results. ADVERTISING APPEAL - is how to design the INFORMATIVE ADVERTISEMENT - speak to the advertisement that attracts attention or audience in a straightforward manner. presents information to consumer. UNIQUE SELLING PROPOSITION - An explicit, HYPERBOLE (AVERTISING)- Depicting people, testable claim of uniqueness or superiority that products, and objects in ways. That far exceed can be supported or substantiated in some their capability is a common strategy used to manner is a unique selling proposition. gain attention, inject humor, and. emphasize PERSUASIVE ADVERTISING – It aims to create product attributes. (BEST or GREATEST) liking preference, conviction and purchase of a GENERIC MESSAGE - An advertisement that product or service. directly promotes the product’s attributes or DEMONSTRATION EXECUTION - displays how a benefits without any claim of superiority product works. transmits a generic message, which works best FREQUENCY - is a measure of how many times for a brand leader or one that dominates an the average percent in the target market is industry. (synonymous product category) exposed to the message. AFFECTIVE RESONANCE ADVERTISING - ADVERTISING BUDGET - is an estimate of a Connecting a brand with a consumer’s company’s promotional expenditures over a experiences in order to develop stronger ties certain period of time. between the product and the consumer is SALES – influenced by many factors such as affective resonance advertising. (stronger ties) features, price and availability as well as ROTOSCOPING - (An EXPENSIVE digital process) competitor’s actions. MIMETIC DESIRE – (Eventually becomes our SLOGAN – contain consistent phrase or group desire) of words. RHETORICAL TRIANGLE – the idea of an EMOTIONAL AFFECTIVE APPROACH - attempts “appeal” dates back to Aristotle, who identified to elicit powerful feelings that help lead to the three main appeals of communication. product recall and choice. (Ethos, Logos, Pathos.) PUBLIC SERVICE ADVERTISING - communicates FANTASY EXECUTION - lift the audience beyond a message child abuse etc. the real world to a make believe experience PUBLIC RELATIONS - is another element with PRODUCT - the purpose of creating goodwill or to create PREFERENCE STAGE - The message shifts to good image of the product or services. presenting logical reasons that favor the brand. ADVERTISING APPEAL - designed A rational appeal that follows the hierarchy of advertisement that attracts customer effects, stages of awareness, knowledge, liking MERCHANDISING - the final element with the preference. purpose of planning for the right product or ADVERTISING MIX - Composed of critical service at the right time, for the right market, advertising decisions to be made before an and the right price. advertising program can be implemented. SALES HEXAGON – consist of element where MESSAGE EXECUTION – the message impact the general goal is to promote product and depends only upon what is said but also how it service salability. was said. HUMOR – proven to be the one of the best ADVERTISING’S SALES EFFECT technique for cutting through clutter CLASSIFIED ADVERTISING - to inform prospects TRUE OR FALSE regarding opportunities such as buy and sell, events and employment. Hyperbole danger arises when customer MARKETING - is a total system of business experience negative attitude towards other activities designed to plan, price, promote and advertisement- COMPARATIVE. FALSE distribute want-satisfying goods and services to present and potential market. It includes the activities that direct the flow of goods and This refers to the underline idea that captures services from producer to consumer. attention of message receiver. APPEAL MASS MEDIA COMMUNICATION – (this serves as a tool …….) The message impact depend only on the ADVERTISING – is a paid form persuasive message but not on the way it is being said. communication in order to connect. FALSE REINFORCEMENT ADVERTISING – aims to convince current purchases that they made the Subliminal effect. TRUE right choice. Motivates consumer to celebrate Attempts to elicit powerful feeling that help purchase lead to. EMOTIONAL EFFECTIVE APPROACH PORTFOLIO TEST – it asks consumers to view or listen to a portfolio of advertisement. PREFERENCE STAGE - the message shifts to VALUE PROPOSITION – the advertising message presenting logical reasons that favor the brand, often contains a reason for customers to be a rational appeal that follows the hierarchy of interested in the product which often means effects, stages of awareness, knowledge, liking the ad will emphasize the benefits obtained preference from using the product. PUBLIC SERVICE ADVETISEMENT – SALES - Influenced by many factors, such as communicate a message child abuse etc. features, price, availability as well as ATTITUDE – (ka ghorl wala pa meaning to) competitors' action PERSUASION – will create demand of the product. It tries to sway favorable preference from products target market and in the end compel them to choose them to choose it over other alternatives. ENTREP REVIEWER or the business environment can mean that a chosen strategy is the wrong one and the company might struggle to reach its benchmark. ENTREPRENEURIAL MANAGEMENT – is a discipline that deals with ventures, innovation, TECHNOLOGY RISK - To be competitive, a new strategies which will take idea into market, and company may have to invest heavily in new to make venture a successful business systems and processes, which could affect drastically the bottom line. ENTREPRENEUR DEFINITIONS ▸ can be described as “one who creates a Legal aspect is .... - FALSE new business in the face of risk and uncertainty for the purpose of achieving Traits of entrepreneur is being open minded. profit and growth by identifying (starter ang answer) – FALSE significant opportunities and assembling the necessary resources to AUTONOMY is one of the benefit of being an capitalize on them” (Zimmerer & entrepreneur. (flexible schedule) - FALSE Scarborough, 2008, p. 5). ▸ is “one who organizes, manages, and Environmental, political and economic risk are assumes the risks of a business or some of the things that can be control. – TRUE enterprise”. Entrepreneur is a person who organizes INNOVATION - This refer to new or different ventures .... - TRUE ways of doing things, like technology, marketing, human relations, management, and Misleading product information is like ..... so forth. (manipulating the account dapat) - FALSE SOCIAL ENTREPRENEUR – desires to help to improve or transition the social environment. Ethical principle .... - TRUE Has purpose to help others. SERIAL ENTREPRENEUR – always operate with Entrepreneurs are never satisfied. - TRUE new ideas. Continuously developing product. LIFESTYLE ENTREPRENEUR - passion, more on Ethics of business is also the ethics of principle. passion. - TRUE ENTREPRENEURSHIP - can be defined as a field of business that seeks to understand how Legal aspect is company must follow the low opportunities to create something new and have a legal obligation to do so. - TRUE LAW ABIDING - they respect and abide by the laws, regulations and rules of the marketplace. Social responsibility in business pertains to CSR – Corporate Social Responsibility pertains people and organizations behaving and to people and organizations behaving and conducting business ethically and with conducting business ethically and with sensitivity towards social, cultural, economic sensitivity towards social, cultural, economic and environmental issues. - TRUE and environmental issues. FINANCIAL RISKS - An entrepreneur will need A small business is vulnerable. - TRUE funds to launch a business either in the form of loans from investors, their own savings or funds An entrepreneur may find himself saddled. - from family. TRUE STRATEGIC RISK - An impressive business plan will appeal to investors. Changes in the market An entrepreneur is a risk taker. - TRUE ▸ Fairness: they are just and fair in all Never purposefully misled or deceive other their dealings. They never exercise people. - HONESTY power arbitrarily. They are committed to justice and the equal treatment of They are honorable, principled and upright, and people. They are willing to admit they will defend their beliefs. - INTEGRITY are wrong ▸ Compassion and Empathy: ethical They strive to achieve their business goals and entrepreneurs are compassionate, targets in a manner that causes the least harm empathetic, benevolent, kind and and the greatest positive good. - COMPASSION caring. ▸ Respect: they demonstrate total They do not use indecent means to gain an respect for the human rights, dignity, advantage or exploit other people’s mistakes autonomy, interests and privacy of for their own benefit. - FAIRNESS everybody who is affected by their decisions. They are polite and treat They demonstrate total respect for the human everybody with equal respect and rights, dignity, autonomy, interests and privacy dignity regardless of nationality, of everybody who is affected by their decisions. national origin, race or sex – RESPECT ▸ Law Abiding: they respect and abide by the laws, regulations and rules of the ETHICAL PRINCIPLE IN BUSINESS marketplace. ▸ Honesty: an ethical entrepreneur must ▸ Committed to Excellence* they aim to be honest and truthful in all his or her perform their duties to the best of their dealings. abilities. They make sure they are ▸ Integrity: ethical entrepreneurs prepared and well-informed, and demonstrate the courage of their constantly try to improve in all areas of convictions and demonstrates personal responsibility integrity by doing what they believe to ▸ Leadership: they aim to be positive be the right thing, regardless of ethical role models. They are aware of pressures to do otherwise. the responsibilities and opportunities of ▸ Trustworthy & a Promise-Keeper* they their position of leadership – they aim are worthy of trust. Ethical to create an environment in which entrepreneurs are forthcoming and ethical decision-making and principled candid in explaining things with the reasoning are highly prized. relevant information and correcting ▸ Reputation & Morale* they aim to misstatements. They try as hard as they build and maintain the company’s good can to keep to the letter and spirit of reputation as well as the morale of its their commitments and promises. workforce. They avoid becoming ▸ Loyalty: they are loyal to individuals involved in conduct that may and institutions by support and undermine respect and will take all devotion to duty and friendship in actions necessary to prevent the adversity. They do not exploit a inappropriate conduct of others. situation by disclosing information they ▸ Accountability* they accept personal learned in confidence. They are accountability for the ethical quality of extremely careful not to be affected by their decisions. conflicts of interest. They are extremely loyal to their companies and work colleagues ETHICS* it is a system of moral principles SUPPORTING VOLUNTEER EFFORTS* - smart concerned with what is good for individuals and business leaders know that being involved in society also described as moral philosophy the community in a productive way is good for practiced by a person or group of people. the company too.
CODE OF ETHICS* – is a guide of principles
designed to help professionals conduct business honestly and with integrity
BUSINESS CODE OF ETHICS* – is a body of
policies based on laws and values
ETHICAL STANDARDS* – are principles
established by the founders of organization that when followed promote values such as trust, good behaviour, fairness, and or kindness.
ECONOMIC ASPECT* – Companies need to
maintain strong economic interests so they can stay in business.
ETHICAL ASPECT* - Acting ethically means going
above and beyond the legal requirements and meeting the expectations of society.
PHILANTHROPIC ASPECT* -This is the
expectation that companies should give back to society in the form of charitable donations of time, money and goods.
PHILANTHROPIC EFFORT* - the company
understands that its success requires not just continued innovation, but building a next generation capable of understanding, using and improving technology.
ENVIRONMENTAL CONSERVATION* - Companies that align themselves in these efforts help minimize environmental problems by taking steps such as reducing their overall carbon footprint.
COMPANY DIVERSITY AND LABOR PRACTICES*
- business leaders realize that diversity in the workplace is beneficial when everyone is getting along and working as a team.