1.

What do you understand by Premium (Packaged Premium)?

Answer»

Under this, the seller offers premium to the buyer by way of supplying a gift along with the product or inside the product package. Premium on sales helps the salesman to make effective presentation, stimulate sale in particular area, leads to enlistment of new customers and paves the way for introducing new brands in the market.

 Example : 

A toothpaste offered with another toothpaste.



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