Which of the following refers to externally directed incentives offered to the ultimate consumer?
a. personal selling c. seller support
b. trade promotions d. consumer promotions
D
Consumer promotions usually consist of offers such as coupons, premiums, rebates, and so on that are designed to gain one or more of the following: product trial; repeat usage of product; more frequent or multiple product purchases; introduction of a new or improved product; introduction of new packaging or different size packages; neutralization of competitive advertising or sales promotions; capitalization on seasonal, geographic, or special events; encouragement of consumers to trade up to a larger size, more profitable line, or another product in the line.
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An individual walks to a local sandwich shop and uses a $10 bill to pay for a $6 sandwich, receiving $4 as change for this transaction. The $6 price of the sandwich:
In the basic EOQ model, if D = 80 per month, Co = $13, and Cc = $11 per unit per month, what is the EOQ?
What will be an ideal response?