ECONOMICS
SCARCITY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Promotion
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Incentive
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Sale
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The right decision
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Detailed explanation-1: -A consumer incentive is any reward you use to convince customers to buy your product. One common example of an incentive program is a consumer rebate. When you run a rebate program, you offer your customers a financial reward for making a specific purchase.
Detailed explanation-2: -There is a big difference between incentive and motivation. Incentive depends entirely on the promise of something external. Motivation is internal. If your work force isn’t proud of either their efforts or their results, your work force is temporary.
Detailed explanation-3: -But what is incentive marketing exactly? The Business Dictionary defines it as: “Use of motivational devices such as competitions, games, premiums, special pricing, to promote the sale of a merchandise or service."
Detailed explanation-4: -To enhance their status. To make a dream come true. To make amends. To be defiant. To feel good. To feel safe. To forget our problems. To make a statement. More items •11-Jun-2018