GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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limits your revenue, customers may expect lower prices in future, can undermine/alienate customers (customer who buys luxury item, luxury item is on promotion)
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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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Explanation:
Detailed explanation-1: -Sales promotions could increase sales in the short-term, because of the lower price consumers have to pay for the product. In the long run, sales promotions could negatively influence the perceived brand quality because lower priced products are associated with having less quality.
Detailed explanation-2: -Encourages new customers: Sales promotions allow potential customers to try something new, with low risk. Raises awareness: When you run ads supporting your sales promotion, more customers will see your business, increasing brand awareness.
There is 1 question to complete.