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What Do Economists from the Department of Finance Provide

question 177

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What do economists from the Department of Finance provide?

Understand how integrated marketing communications support and extend the core message across different platforms.
Recognize the role of encoding in IMC and the impact of media selection on reaching target consumers.
Understand the components and relevance of Integrated Marketing Communications (IMC) in the marketing mix.
Recognize the role and importance of the communication process elements in IMC, including sender, receiver, and channels.

Definitions:

Mass Media

Channels that are ideal for reaching large numbers of anonymous audience members; include national newspapers, magazines, radio, and television.

Advertising Channel

A medium through which an advertising message is transmitted to its intended audience, such as television, radio, internet, etc.

Media Mix

The combination of the media used and the frequency of advertising in each medium.

Direct Mail

A marketing approach that involves sending advertising materials through the postal service to a targeted list of customers.

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