4.01 (PR: 003) Acquire a foundational knowledge of promotion to understand its nature and scope. Performance Indicator (PR:003). Identify the Elements of Promotion. Identify the elements of the promotional mix.
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4.01 (PR: 003) Acquire a foundational knowledge of promotion to understand its nature and scope.Performance Indicator(PR:003). Identify the Elements of Promotion
Sales Promotion to understand its nature and scope. – Involves the use of special short-term techniques, often in the form of incentives, to encourage customers to respond or undertake some activity.
Good, service, image, or idea:
Product's company used to remind customers of the benefits of the product.
Businesses that allocate small amounts of money for promotion, such as a small bookstore or gift shop, tend to rely on local advertising and sales promotions, while businesses that allocate large sums of money for promotion—think Wal-Mart, the Gap, and McDonald’s—can effectively use national advertising.