ENTREPRENEURIAL MARKETING
PROMOTION STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Yes
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No
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Its about the same
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None of the above
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Detailed explanation-1: -Research from many sources clearly illustrates the popularity of loyalty programs with consumers and the impact on their purchase behavior. Nielsen research found that 84% of customers are more willing to choose a retailer that runs a loyalty program.
Detailed explanation-2: -An ecommerce loyalty program is a marketing strategy developed by ecommerce stores to nurture and reward their best customers. Membership may be paid or free. And when customers join, they’re given special deals, discounts, and rewards for engaging with the brand and buying products.
Detailed explanation-3: -A loyalty program, also known as a rewards program, is a marketing strategy that rewards customers with unique benefits to encourage them to remain loyal to your store or brand.