BUISENESS MANAGEMENT
ADVERTISING
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The process of persuading customers to buy your product or service
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The price charged by businesses for products/services
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Either A or B
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None of the above
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Detailed explanation-1: -A sales promotion is a marketing strategy in which a business uses a temporary campaign or offer to increase interest or demand in its product or service.
Detailed explanation-2: -Definition: Promotions refer to the entire set of activities, which communicate the product, brand or service to the user. The idea is to make people aware, attract and induce to buy the product, in preference over others. Description: There are several types of promotions.
Detailed explanation-3: -Consumer promotion is a marketing strategy designed to entice customers to buy more. The purpose of consumer sales promotion is twofold-to spread brand awareness in the market and build brand loyalty among current consumers and, consequently, to drive sales and conversions.
Detailed explanation-4: -Personal selling is the process of helping and persuading one or more prospects to purchase a good or service or to act on any idea through the use of an oral presentation, often in a face-to-face manner or by telephone.
Detailed explanation-5: -Promotional marketing refers to the process of sharing knowledge about a brand, product, or service through multiple marketing channels to increase brand awareness. Promotional marketing is one of the 4Ps of marketing, also called the marketing mix, which includes product, price, place, and promotion.