ENTREPRENEURIAL MARKETING
PROMOTION STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Why do businesses use sales promotion?
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Because they can
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Because it increase sales, inform potential customers about new products, and create a positive business or corporate image
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Neither
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It explains the major features and benefits of the product or service, identify where it us sold advertise sales answer customer questions, and introduce new offerings
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Explanation:
Detailed explanation-1: -Creating new leads: Sales promotions increase customer acquisition by offering them discounts, free products, free trials, and more. Many potential buyers are willing to try something for a lesser price, and if they like the product they become part of your company’s loyal base.
Detailed explanation-2: -A successful sales promotion for a product launch can help to build momentum, drive sales, and attract new customers. There is no one-size-fits-all strategy when it comes to choosing sales promotions for new product launches.
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