ENTREPRENEURSHIP

Detailed explanation-1: -Sales promotion refers to short-term incentives that are designed to encourage the buyers to make an immediate purchase of a product or service in a short-term period.

Detailed explanation-2: -Sales promotion consists of short-term incentives to encourage the purchase or sales of a product or service. Whereas advertising offers reasons to buy a product or service, sales promotion offers reasons to buy now.

Detailed explanation-3: -A sales promotion is a marketing strategy in which a business uses a temporary campaign or offer to increase interest or demand in its product or service. There are many reasons why a business may choose to use a sales promotion (or ‘promo’), but the primary reason is to boost sales.

Detailed explanation-4: -Sales promotions are a marketing communication tool for stimulating revenue or providing incentives or extra value to distributers, sales staff, or customers over a short time period.