percent
(%) and
percentage points
. This difference
is best illustrated using a simple example. The total market for a particular type of
magazine is 1000 copies per month. Magazines A and B both have sales of 300
copies, which give them each a market share of 30%. If the total size of the market
stays stable at 1000 copies, and Magazine A sees a 10% increase in sales, its sales
are now 330 (= 300 + 10%), and its market share is 33%. At the same time,
Magazine B sees an increase of
10 percentage points
, meaning its market share is
now 40% (= 30 + 10), giving sales of 400 copies.
According to the American Marketing Association, Integrated Marketing
Communications (IMC) is “a planning process designed to assure that all brand
contacts received by a customer or prospect for a product, service, or organization are
relevant to that person and consistent over time”. It is growing in importance because
of seven
shifts
in the nature of marketing.
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