MANAGEMENT

Detailed explanation-1: -“Buy one, get one free” (also called BOGOF), or “Buy two and get the third free” are commonly-used sales promotion tactics.

Detailed explanation-2: -Contests. are sales promotions people enter or participate in to have a chance to win a prize. The Publisher’s Clearing House Sweepstakes and the Monopoly Game at McDonald’s are both examples.

Detailed explanation-3: -Types of Sales Promotion – 4 Important Types: Consumer Sales Promotion, Dealer Promotion, Business Promotion and Public Relations.

Detailed explanation-4: -A sales contest is a short-term incentive program designed to motivate sales personnel to accomplish specific sales objectives. In general, sales contests are used by firms to stimulate extra effort for obtaining new customers, promoting the sales of specific items, generating larger orders per sales call, etc.