BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is NOT a common sales promotion?
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Price reductions
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Reusing old stock
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Competitions
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Free samples
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Explanation:
Detailed explanation-1: -Online marketing does not qualify as a sales promotion as it does not offer any incentive to the consumer on the purchase of the company’s product.
Detailed explanation-2: -running contests for the company’s salespeople is not considered sales promotion.
Detailed explanation-3: -The most common type of sales promotion is a percentage discount. It’s a cost reduction, for example, 20% off that can be applied to products and services. Whether online or in-store, percentage discounts are proven to be best converted.
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