ENTREPRENEURSHIP

Detailed explanation-1: -Most businesses use more than one type of promotion to achieve their promotional goals. They use a cost-effective mix of promotional strategies that include advertising, selling, sales promotion, direct marketing, and public relations strategies. This mix assures them that their product will be widely recognized.

Detailed explanation-2: -Promotion looks to communicate the company’s message across to the consumer. The four main tools of promotion are advertising, sales promotion, public relation and direct marketing.

Detailed explanation-3: -Product discounts 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-4: -What are the 4 types of promotional strategies? Types of promotional strategies include traditional and online advertising, personal selling, direct marketing, public relations and sponsorships and sales promotions.