1.

Briefly explain any 5 sales promotion methods.

Answer»

Some of the commonly used sales promotion methods are as follows: 

(a) Rebate/Discount: Rebate refers to a discount. Many producers offer products at special prices in order to clear their excess stock.

(b) Refunds: Producers may offer to refund a part of price paid by customer. For this, the customers are required to send to the producer some proof of purchase like duly filled in refund offer card or wrapper etc. 

(c) Product Complement: Producers offer another product free of cost upon purchase of the main product kept for sale. 

(d) Quantity Gift: Under this sales promotion method, the producers offer an extra quantity of the same product/service to the buyers upon purchase. 

(e) Instant Draws and Assured Gifts: Under this method producers try to win customers by offering assured prizes on purchase of their particular product or on minimum purchase of their range of products.



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