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5.01 Identify the role of promotion. Promotion . Any form of communication a business or organization uses to encourage customers to purchase products and improve its public image. For example: Harris Teeter sponsors a little baseball team by purchasing new uniforms and equipment.
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Promotion • Any form of communication a business or organization uses to encourage customers to purchase products and improve its public image. • For example: Harris Teeter sponsors a little baseball team by purchasing new uniforms and equipment.
Promotion (con’t) Sports and entertainment organizations use promotion to: • Inform target market of a product. • Persuade the target market to purchase the product. • Remind them continuously of the product.
Promotion (con’t) Examples include: • web sites • autograph sessions • fan festivals • t-shirts give-aways
Promotion (con’t) Stadiums event promotions are designed to: • Facilitate fan participation • Create a cheerful atmosphere
The most common types of events promotions include: 1. In-stadium promotions which occur inside stadiums or arenas. For example: • lucky seats giveaways • mascot races • football tosses • backstage access at concerts
The most common types of events promotions include: • Walk-in promotions which are received as fans walk inside stadiums and arenas. For examples: T-shirts, hats, bobbleheads
Differentiate between institutional and product promotion. Institutional promotion, also referred to as organizational advertising, is designed to: • create a positive image. • establish and maintain goodwill. • may result in an increase in sales of the good or service.
Institutional Promotion Examples include: Charlotte Checkers and the Zach Bennett: Journey of a Lifetime NBA’s Read to Achieve Program
Differentiate between institutional and product promotion Product promotion, also referred to as product advertising, is designed to: • simulate sales of a business, organization, or celebrity’s good or service. • launch new products.
Product Promotion Examples include: • Mary J. Blige pre-album release listening party. • a musician promoting release of new single. • Gatorade setting up pre-basketball promotion booths providing samples of the G-Series.