Friday, February 1, 2013

Marketing Glossary

Direct response advertising
Direct response advertising is that which incorporates a contact method such as a phone number, address and enquiry form, web site URL or email address. This is done with the intention of encouraging the recipient to respond directly to the advertiser by requesting more information, placing an order etc. The use of this technique on television is commonly referred to as DRTV advertising

Distribution channelThe network of organisations necessary to distribute goods or services from the manufacturers to the consumers; the distribution channel therefore potentially consists of manufacturers, distributors, wholesalers, and retailers.

Distributors
Companies that buy and sell on their own account but tend to deal in the goods of only certain specified manufacturers.

Divest
A strategy based on the Boston Matrix. Here the company can divest the SBU by phasing it out or selling it in order to use the resources elsewhere (e.g. investing in the more promising "question marks").