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Showing posts with the label Class 12 Business Studies - Methods/Techniques of Sales Promotion

Class 12 Business Studies - Methods/Techniques of Sales Promotion

Class 12 Business Studies - Methods/Techniques of Sales Promotion Following are the methods used by business houses are discussed below: Discount and discount coupons  – It means offering products at less than list price. A certain percentage of the price is reduced as a discount. Example: Buy 2 shirts and get a discount of 30% on the second shirt; Clarks’ offer discount of 50%. A Discount coupon is a certificate that entitles its holder to a specified saving on the purchase of a specified product. Customers redeem coupons after purchasing the product. Product combination  – Offering combination of two products, means on the purchase of one good, and another product offered as a gift. Example: 100g gm pouch of Kissan jam with 500 gm of Kissan tomato ketchup. Sample Distribution  – free samples are distributed in order to launch or popularize their products. This is done to make customers try the product and learn about it. Example – sample of cosmetics, perfumes, surf, books