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grandymaker [24]
3 years ago
5

Explain the types of promotion

Business
1 answer:
kaheart [24]3 years ago
4 0

Promotion is an approach used by marketing to inform or persuade customers to purchase products. There are different types of promotional methods used by businesses.

1. Advertising - this is technique used to gain customers attention to a new or existing product either by using informative advertising, which is used to inform customers regarding new products or using persuasive advertising, which is used to encourage the customer to buy the product as modification to the product packaging or taste has being made, etc. This includes more images and celebrity endorsements unlike informative which consists of detailed information.

2. Public relations - this is an approach used to gain awareness of a firm's products through sponsorship or even donations.

3.  Sales promotions - this is technique used in the short term to gain sales for a limited period of time by giving customers, buy one get one free offers (BOGOF), competitions, money off coupons, price reductions, free gifts, etc.

4. Direct marketing - this is where organizations communicate with customers through the use of social media to entice the customers to buy products.

5. Personal selling - this is a face to face selling technique where the sales representative tries to entice the customers to purchase the product by talking to the customers and explaining them the benefits of using such a product.

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Kellen orders 1,000 pounds of strawberries from Lucy so he can make his famous strawberry sundaes at his ice cream store. Lucy s
Zanzabum

Answer:

B. Rescission and Restitution

Explanation:

4 0
4 years ago
What information is contained in the signature line of a business letter?
ElenaW [278]
The answer is the name and the title
4 0
4 years ago
Zoom Enterprises expects that one year from now it will pay a total dividend of $ 5.0 million and repurchase $ 5.0 million worth
uranmaximum [27]

Answer:

Consider the following calculations

Explanation:

The price per share is computed as shown below:

Present value of equity is computed as follows:

= $ 10 million / 0.13

= $76,923,076.92

Now we shall divide it by the number of shares to get the price per share

= $76,923,076.92 / 5,000,000

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Feel free to ask in case of any query relating to this question

5 0
4 years ago
1. Select two categories of records that are exempt from public disclosure under the Freedom of Information Act.
alexandr1967 [171]

Answer:

1)  b. National security documents

   c. Documents with confidential information

2)   i - requires

    ii - open

   iii - accused of a crime

   iv - future

   v - future

  vi - closed

3) c. Regulatory Flexibility Act

4) True

5) True, 60days

Explanation:

1) Two categories of records that are exempt from public disclosure under the Freedom of Information Act are; "National security documents  & Documents with confidential information".

2) The Government in the Sunshine Act requires all agency meetings to be open to the public unless they meet certain criteria. If a person is going to be accused of a crime, if future agency action would be frustrated, or if the meeting involves future litigation or rule making, then the meeting may be closed.

3) The law which requires the government to reassess the impact on business and continue to look for less burdensome means of achieving a governmental goal is Regulatory Flexibility Act.

4)  It is true that the Regulatory Flexibility Act relieved small businesses of certain record-keeping requirements under agency rules and federal statutes.

5) The Small Business Regulatory Enforcement Fairness Act gives Congress 60 days to review new federal regulations to be sure that they do not unduly burden small businesses.

5 0
3 years ago
Read 2 more answers
If the number of employed persons in a country equals 27 million, the number of unemployed persons equals 3 million, and the num
Charra [1.4K]

Answer:

26.67%

Explanation:

Employed person = 27 million

Unemployed person = 3 million

Total labour force = Number of people employed + Number of people unemployed

Total labour force = 27 million + 3 million

Total labour force = 30 million

Unemployment rate = Number of people unemployed + Remaining people / Total labour force

Unemployment rate = 3 million + 5 million / 30 million

Unemployment rate = 8/30

Unemployment rate = 0.2666667

Unemployment rate = 26.67%

Hence, the unemployment rate equals 26.67%

5 0
3 years ago
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