MANAGEMENT

Detailed explanation-1: -Sales promotion is the short term incentives which encourage the sale of a product.

Detailed explanation-2: -Sales promotion consists of short-term incentives to encourage the purchase or sales of a product or service. Whereas advertising offers reasons to buy a product or service, sales promotion offers reasons to buy now.

Detailed explanation-3: -Consumer sales promotions are short-term techniques designed to achieve short-term objectives, such as to stimulate a purchase, encourage store traffic or simply to build excitement for a product or brand. Traditional sales promotions techniques include: Price deal: A temporary reduction in the price, such as 50% off.

Detailed explanation-4: -Some examples of commonly used sales promotion include giving out coupons or vouchers, temporarily reducing prices through discounts, sampling, offering giveaways, flash sales or buy-one-get-one-free offers, and lots more.

Detailed explanation-5: -Flash Sales You will often come across flash sales on e-commerce websites. This technique is worth trying if you want to create a sense of urgency among your customers. Online businesses must really leverage flash sales to increase sales.