ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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incentives
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supply
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price
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consumer sovereignty
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Detailed explanation-1: -Loyalty discounts-discounts for frequent customers. Trade discounts-discounts for trading in a similar product. Cash discounts-discounts for paying in cash instead of credit. Quantity discounts-discounts that encourage purchasing more of one product.
Detailed explanation-2: -Coupon marketing is a strategy implied by shops or companies that offer discounts to their valuable customers. Through the use of coupon codes, vouchers, and other discounting methods, they enhance the desire of the customers to save money by making purchases.
Detailed explanation-3: -Methods used in sales promotion include coupons, samples, premiums, point-of-purchase (POP) displays, contests, rebates, and sweepstakes.
Detailed explanation-4: -Sales promotion is the short term incentives which encourage the sale of a product.