Asked by Julia Herbst on May 28, 2024
Verified
The goal of sales promotion is to
A) promote goodwill with customers and the community at large.
B) promote positive relations between a firm and its stakeholders.
C) build a trusting relationship with a customer over a long period of time.
D) inform the consumer of the product's benefits.
E) stimulate quicker and more frequent purchases of a product.
Sales Promotion
A marketing strategy involving short-term incentives to encourage the purchase or sale of a product or service.
Quicker Purchases
The process or strategy designed to accelerate the buying process, often through technology or streamlined operations.
Goodwill
An intangible asset that arises when a company is acquired for more than its fair market value, reflecting the brand's reputation and customer relations.
- Understand the various sales promotion techniques and their application in strategic marketing.
Verified Answer
Learning Objectives
- Understand the various sales promotion techniques and their application in strategic marketing.
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