competitive promotional efforts. retaining loyal customers.
<h3>
What is promotional efforts?</h3>
Any effort made by a company to communicate with potential customers is considered a promotional activity. Promotional activities serve two primary functions. These are intended to: Customers should be informed about your store's products, prices, and services. Persuade customers to buy your products.
The most common type of marketing is product and service promotion. Advertising - You can advertise your product, service, or brand in newspapers, radio, television, magazines, outdoor signage, and online.
Promotional materials, events, or ideas are intended to increase product or service sales.
The most important function of a promotion is to distinguish a company from its competitors. If there was no competition, no business would ever need to run promotions.
To know more about promotional efforts follow the link:
brainly.com/question/28113237
#SPJ4
