ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If an entrepreneur decides to have a drawing to give away prizes and money to customers and no special skill is required in order to win a prize, this is best referred to as a:
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Sweepstakes
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Guerrilla Marketing Campaign
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Viral Marketing Campaign
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Contest
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Explanation:
Detailed explanation-1: -Sales promotion letters, catalogues, point of purchase displays, customer service programmes, demonstrations, free samples, discounts, contests, sweepstakes, premiums and coupons are the commonly employed methods of sales promotion.
Detailed explanation-2: -Many entrepreneurs choose to start businesses by themselves because: they want uncontested control. coordination is less complicated. profits will go to only the founder.
There is 1 question to complete.