GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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when customers rushed to The Gap to buy t-shirts for $19.99, American Eagle decided to offer customers a similar discount. Under which marketing function does this action fall?
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Place
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Price
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Product
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Promotion
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Explanation:
Detailed explanation-1: -Demand forecasting helps the business make better-informed supply decisions that estimate the total sales and revenue for a future period of time. Demand forecasting allows businesses to optimize inventory by predicting future sales.
Detailed explanation-2: -Your promotion mix-the means by which you communicate with customers-may include advertising, personal selling, sales promotion, and publicity. These are all tools for telling people about your product and persuading potential customers to buy it.
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