MANAGEMENT

Detailed explanation-1: -When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded? Offering an incentive to customers in order to increase sales–contests, free samples, coupons etc.

Detailed explanation-2: -What are the 4 P’s of marketing mix? The 4 P’s are Product, Price, Place, and Promotion.

Detailed explanation-3: -Advertising is the process of promoting products or services of a business by using paid promotional channels for the mass mediums like ads, banners, radio advertisements, television, newspapers, billboards, digital ads etc.

Detailed explanation-4: -Examples include free samples, coupons, contests, rebates, premiums, point-of-sale displays and other incentives intended to stimulate immediate sales. For retailers, visual merchandising is especially important.