Tuesday, August 11, 2009

Sales promotion

Short-term incentives to encourage buying of products:
1 . Instant appeal
2 . Anxiety to sell
An example is coupons or a sale. People are given an incentive to buy, but this does not build customer loyalty or encourage future repeat buys. A major drawback of sales promotion is that it is easily copied by competition. It cannot be used as a sustainable source of differentiation

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