BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not a key reason why businesses use promotion?
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Beat competition
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To understand customers
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Increase (or maintain) sales
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To inform customers about their (new) product or service
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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: -In addition to increasing immediate sales, sales promotions can also help your business: attract new customers. encourage loyalty and repeat purchases. get insights into customer behaviour.
Detailed explanation-3: -The main aim of promotion is to ensure that customers are aware of the existence and positioning of products. Promotion is also used to persuade customers that the product is better than competing products and to remind customers about why they may want to buy.
There is 1 question to complete.