ENTREPRENEURSHIP

Detailed explanation-1: -product promotion-a promotional method used by business to convince prospects to select their goods or services instead of a competitor brands • institutional promotion-a promotional method used to create a favorable image for a business, help it advocate for change, or take a stand or trade or community issues.

Detailed explanation-2: -A promotion strategy is a plan to create or increase demand for a product. It outlines the tactics you’ll use to raise awareness about your product and get people interested in buying it. The goal of a promotion strategy is to introduce potential customers to your product and convince them to make a purchase.

Detailed explanation-3: -Advertising, public relations and direct selling are three proven methods of effective promotion, though social media marketing has become a powerful tool for driving sales at less cost than traditional methods.