GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sales promotion techniques
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Sales promotion pros
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Sales promotion cons
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advertising
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Detailed explanation-1: -What are discounts? Discounts are promotions that businesses offer to their customers that reduce the cost of items or services, often by a percentage or using specific criteria. For example, a store may offer a 50% discount on particular products.
Detailed explanation-2: -Methods used in sales promotion include coupons, samples, premiums, point-of-purchase (POP) displays, contests, rebates, and sweepstakes.
Detailed explanation-3: -With this strategy, a business offers an additional, free product or service to incentivize the purchase of another one. The price of the initial “one” in “buy one, get one free” is typically higher than the other, so when you sell using this kind of promotional pricing strategy, you’re selling two products.