Introduction
Today the share of promotions in the marketing budget of a typical consumer products' company is continually on the rise. They may be preferred because good promotional exercises provide the facility to carry out controlled activity on a focused target group and unlike mass media advertising, it directly addresses and involves the consumer.
There are other reasons that abet their popularity, they are: -
Consumer promotions produce results
The results occur quickly
The results are measurable
Consumer promotions are relatively easy and in expensive to implement
Different marketing activities affect various aspects of consumer buying process. Consumer promotions generally hit directly at the decision and purchasing stages of the buying process. Thus, they affect behaviour directly producing immediate results. Consumer promotions can thus be defined as "Marketing and communication activities that change the price / value relationships of a product......
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Approximate Word Count: 1904
Approximate Pages: 8 (260 words per double-spaced page) |