100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
College aantekeningen Marketing 2 (E_BK2_MKT2) $4.28
Add to cart

Class notes

College aantekeningen Marketing 2 (E_BK2_MKT2)

1 review
 114 views  3 purchases
  • Course
  • Institution
  • Book

Alle college aantekeningen van het vak Marketing 2 (E_BK2_MKT2). Gegeven aan de Vrije Universiteit van Amsterdam. Ook verkrijgbaar in een bundel.

Last document update: 2 year ago

Preview 4 out of 45  pages

  • May 23, 2022
  • May 24, 2022
  • 45
  • 2021/2022
  • Class notes
  • Kokkoris
  • All classes

1  review

review-writer-avatar

By: maxcompier • 2 year ago

avatar-seller
Marketing II
Lecture 1 & 2: chapter 1
The origins of modern-day advertising
Advertising is everywhere. Advertising= any form of paid communication by an
identified sponsor aimed to inform and/or persuade target audiences about an
organization, product, service, or idea.

How did it start?  Signs as old as ancient Egypt, Greece, and Rome. Industrial
Revolution saw a huge increase in advertisement

Evolution of modern ads  Print (newspapers, magazines). Still popular for
consumer segments. Television. Highest volume of advertising. Internet. Will
probably compliment existing media rather than replace it.

Why advertise?
 Raise awareness. You can’t buy what you don’t know exists
 Fuel desire. Channel needs into wants for specific products
 Highlight differentiation. Unique selling proposition (USP): what one brand offers that
competitors don’t

Different approaches:
 Informational or argument-based appeals. Hard-sell, reason-why approach
 Emotional or affect-based appeals. Soft-sell, more subtle approach

Functions of advertising – societal level  Communicate with consumers, facilitate competition, fund
mass media and create jobs

Functions of advertising – individual level  Inform consumers, create non-evaluative response
(beliefs, knowledge), persuade consumers and generate or change evaluative response (a more
favourable view)

Information appeals
 What?  performance, availability, attributes, price, quality, special offers
 Used more...  in developed, industrialized countries (e.g. US, Canada) and for durable goods
(e.g. refrigerators, cars, furniture)
 Stage in product life cycle. Introduction – growth – maturity – decline. Different information
appeals on each stage.

, Educate consumers. Complex new product or services.
 Deal with problems. Corrections / recalls.
 Limitations: informing consumers might sometimes be ineffective or even
backfire  McDonald’s case
o Memory and associations (worms with hamburger)
o Customer survey

Persuasion appeals
Change consumer responses. Mainly influence feelings, preferences, attitudes.
 Alpha strategies
o Increase approach motivation
o Move towards advocated position
o Through arguments, incentives, scarcity...
 Omega strategies
o Reduce avoidance motivation
o Reduce resistance towards advocated position
o Through counterarguments, distractions, attempts to make the message look less like
persuasion, negative emotions like fear or guilt...

The effects of advertising: a psychological perspective
 Effects of advertising at the individual level: Relationships between ad stimuli and consumer
responses; Understanding the psychological processes behind these relationships
o Other approaches: naïve, economic, media, creative

Consumer responses:
 Cognitive responses  beliefs and thoughts about brands or products. E.g. brand awareness,
recognition, attitude, preference
 Affective responses  transient emotions and moods. E.g. fear, pride, sadness, anger
 Behavioural responses  intention and actual behaviour. E.g. purchase, choice, product trial,
brand switching

Assessing consumer responses
 Correlational relationships: a change in one variable is associated with a change in the other.
Positive / negative or zero. Make predictions (once the values of one variable are known)
o Number of arguments in an ad message and attitude towards the advertised product




Both ice cream sales and shark attacks increase when the
weather is hot and sunny, but they are not caused by each
other (they are caused by good weather, with lots of
people at the beach, both eating ice cream and having a
swim in the sea).

,Correlational relationships and the third variable problem (image)
 Causal relationships
o Three conditions: A must precede B (temporal sequence of
events), changes in A must be associated with changes in B
(correlation), the change in B should only be attributed to
changes in A – no other explanations should be plausible (third
variable problem).
o Correlation: necessary but not sufficient condition for causality

 Experiments
o Manipulate A - independent variable (IV)
o Assess impact on B – dependent variable (DV)
o Random assignment – no systematic differences before the IV was
manipulated. Any effects on the DV can be attributed to the IV
o Example  Manipulate number of argument (IV). 2 arguments vs. 5
arguments. Random assignment. Assess impact on attitude towards
product (DV).

 Moderation
o The effect of A on B depends on C (moderator)
o Interaction between A and C on B
o Moderators can be individual differences or contextual variables
 Advertising effects are a combination of situational and person
variables
 Advertising effects are not invariant across consumers and situations
o Example  the effect of number of arguments
on attitude towards the product depends on the
degree of consumer involvement (i.e., there is
an interaction between number of arguments
and consumer involvement)
 IV1: number of arguments. 2 vs. 5 arguments
 IV2: consumer involvement (moderator).
Individual difference (measured)
 DV: attitude towards the product




Interaction of
arguments and
consumer
involvement

Target high involvement customers – use 5
arguments

Target low involvement customers - use 2
arguments

, Main effect of number of arguments

5 arguments are more effective than 2 arguments.

Main effect of consumer involvement

Number of arguments does not have any impact.
Higher involvement leads to more positive attitude
than low involvement.




Main effect of number of arguments
Main effect of consumer involvement

Higher involvement, more positive attitude
At the same time, 5 arguments higher than 2
arguments.


No main effects
No interaction
- No significant difference




 Factorial experiments
o Two or more independent variables
o Main effects
o Interaction effects

 Mediation analysis
o Digging deeper into the reasons
o Identify the intermediary psychological process
responsible for an effect
o Logic: controlling for the mediator significantly
reduces the effect of the IV on the DV
o Example  number of arguments: positive impact on
attitude towards a product. Why? Amount of
thoughts generated

Approaches of conceptualizing advertising effectiveness
1. Modelling approach
o Aggregate level  Entire markets or market segments
2. Behavioural approach

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller misssummary. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.28. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

55628 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.28  3x  sold
  • (1)
Add to cart
Added