MANAGEMENT

Detailed explanation-1: -Promotional pricing is a sales strategy in which brands temporarily reduce the price of a product or service to attract prospects and customers. By lowering the price for a short time, a brand artificially increases the value of a product or service by creating a sense of scarcity.

Detailed explanation-2: -Promotional pricing is a pricing method where a company temporarily reduces the price of a product or service in the interest of quickly driving sales. In many cases, those deals and discounts are supported by dedicated promotional materials or marketing campaigns.

Detailed explanation-3: -Promotional pricing is a pricing strategy used by brands that want to drive sales in the short-term. They do this by temporarily reducing the price of products or services to entice customers to buy before the offer expires, often through integrated marketing campaigns.

Detailed explanation-4: -Promotional pricing This short term pricing strategy is when prices are reduced for a period of time. This is often used to attract a lot of media interest or to help clear old or obsolete stock, for example during January sales.