MANAGEMENT

Detailed explanation-1: -BOGO simply means “buy one, get one.” It is a sales promotion during which shoppers are offered a free or a discounted product (for instance, they only pay half price) when another product of the same or higher value is purchased.

Detailed explanation-2: -Buy One Get One (BOGO) is another common one. This promotion can be applied in two ways: There’s buy one get one free or buy one get the 2nd item % off. BOGO is typically used to move inventory, so if you’re sitting on a lot of stock that you want to clear out, this promotion could be a good option.

Detailed explanation-3: -BOGO (or BOGOF) stands for “Buy One, Get One Free”. It’s a type of sales promotion where customers get a free or discounted product when they purchase another product. BOGO promotions are popular among retailers because they can increase sales of the products being promoted.

Detailed explanation-4: -If, for example, you run a promotion offering a free product when customers buy two of product X, you could offer a selection of three different products as the free item. Alternatively, if a business has a new product that they want customers to try, they could offer it as a free item in a BOGO-style promotion.

Detailed explanation-5: -The promotions mix is often divided into four categories: advertising, digital selling, sales promotion and public relations. Each of these promotion methods has their own role in generating revenue for a company.