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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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Four companies computed their days' sales in inventory as follows: Company A: 47.2 Company B: 36.5 Company C: 45.1 Company D: 39
Leviafan [203]

The most efficient and effective in managing its inventory is Company B.

<h3>Who is the most efficient?</h3>

The days' sales in inventory  is a financial ratio that measures the rate at which a firm is able to sell its inventory in a given year. The lower the ratio, the more efficient a firm is in selling its inventory.

Days' sales in inventory = number of days in a period / inventory turnover

Inventory turnover =  cost of goods sold / average inventory

To learn more about financial ratios, please check: brainly.com/question/26092288

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7 0
2 years ago
The primary measure of a nation's level of development is its _____.
Veronika [31]

The answer is per capita gross domestic product. The per capita GDP is the one responsible for measuring the country’s total output in which they take their GDP and are being divided by how many are the people in their own country.

7 0
3 years ago
Which of the following are degrees of conflict:
Rasek [7]

Answer:

Answer is Mild difference.

Explanation:

I hope it's helpful!

5 0
3 years ago
Read 2 more answers
ear Net Income Profitable Capital Expenditure 1 $ 14 million $ 8 million 2 18 million 11 million 3 9 million 6 million 4 20 mill
Maru [420]

Answer:

$42 Million

Explanation:

The computation of the total cash dividend is shown below:-

Year Net Income Profitable capital Expenditure Dividends

1        $14 Million       $8 Million                                   $6 Million

2        $18 Million     $11 Million                                    $7 Million

3        $9 Million      $6 Million                                     $3 Million

4         $20 Million   $8 Million                                    $12 Million

5        $23 Million    $9 Million                                    $14 Million

Total cash dividends                                                  $42 Million

8 0
4 years ago
In a business combination in which an acquiring company purchases 100% of the outstanding common stock of another company, if th
spin [16.1K]

Answer:

It will be reported as gain.

Explanation:

If the fair value of the net identifiable assets acquired exceeds the fair value of the consideration given (purchase cost) will be a <u>negative goodwill.</u>

It will be due to <em>"bargain purchase"</em> and the accounting records the "negative goodwill" as a gain in the income statment

4 0
3 years ago
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