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Advertising. Advertising. A nonpersonal, paid communication about an organization, product, or idea by an id entified sponser. I t is one of the elements of the promotional mix. Effects of advertising. Idiosyncrasies of pharm advertising.
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Advertising • A nonpersonal, paid communication about an organization, product, or idea by an identified sponser. • It is one of the elements of the promotional mix
Idiosyncrasies ofpharm advertising • Several similarities and some distinct differences from advertising of consumer goods.
The characteristic idiosyncrasies of pharm marketing • Advertising is directed to the prescriber not the final consumer • The target audience is identifiable • The company image is important • Scientific journal reputation is key
Cont’d 5. Advertisement readership is higher than for consumer products 6. Pyramid of influence
Advertising planning and development • Objective setting • Budget definition and allocation • Message decision • Media selection • Production • evaluation
Advertising is a one-way communication whose purpose is to inform potential customers about products and services and how to obtain them. • Promotion involves disseminating information about a product, product line, brand, or company