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 a sales promotion offer made to either the retailer or the consumer in which purchase of one unit of the product is encouraged or rewarded by providing a second unit of the same product free of charge or for a substantial discount.

Detailed explanation-3: -What Is a BOGO Sale? 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: -Take this example: Say product A sells for $10 and has a $2.50 cost. If you sell it for a 50% discount, you end up with $2.50 in profit. Now instead of a 50% discount, the promotion is to buy one of product A and get another for free.