GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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to inform people about products
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to receive customer feedback
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to persuade people to buy a product
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to increase competition in marketplace
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Detailed explanation-1: -The main aim of promotion is to ensure that customers are aware of the existence and positioning of products. Promotion is also used to persuade customers that the product is better than competing products and to remind customers about why they may want to buy.
Detailed explanation-2: -Promotion aims to stimulate demand for a company’s goods or services. Promotional strategy is designed to inform, persuade, or remind target audiences about those products.
Detailed explanation-3: -The very purpose of promotion is to persuade people to buy. It is designed to stimulate purchase and to create a positive image in order to influence long-term buyer behaviour.
Detailed explanation-4: -A sales promotion is a marketing strategy that creates interest in a service, product or brand. Businesses use sales promotions to appeal to a target market and convince them to purchase the item on sale. These promotions can help a business achieve goals, including increasing sales or revenue.