ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is NOT a common sales promotion?
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Price reductions
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Reusing old stock
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Competitions
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Free samples
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Explanation:
Detailed explanation-1: -Offering discounts on products is one of the most popular types of sales promotions. Your company can advertise a discount on a product, such as $15 off or 20% off, to attract customers to your company rather than to your competitors with similar products.
Detailed explanation-2: -Discount Promotions. The most classic type of promotion: a discount. Tiered Promotions (Buy More, Save More) Tiered discounts refers to offering customers a larger percentage off the more they actually spend. Private Sales. Flash Sales. Free Gift with Purchase. Giveaways.
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