“Advertisement is the act of influencing human action, the awakening for the desire to possess and possess your product.”
American Marketing Association defines advertising as “any paid form of non-personal presentation and promotion of ideas, goods or services by an identified sponsor”.
The 5M’s of Advertising:
Salesmanship: It is personal, involving direct personal face to face communication. It is individual (person to person) communication through personal interview between the sales-person and the prospect.
Advertising: It is a non-personal and indirect means of communication with the prospect through various media forms. Advertising is mass communication, advertiser reaching a large number of prospects simultaneously. An advertisement is read, seen or heard by a number of prospects.
Advertising must be carried out by an identified sponsor. Publicity need not have identified sponsor. Advertising must be carried out by an identified sponsor. Publicity need not have identified sponsor. Advertising is a paid form of communication. Publicity is not a paid form of communication.
In a sense, paid publicity is advertising.
a. Industrial advertising
b. Trade advertising
c. Professional advertising
d. Farm advertising
In making a decision, we have to consider the following factors:-