What is the main purpose of promotion in business?
To communicate with customers and persuade them to buy products or services.
Understanding the key methods businesses use to reach and influence their target markets.
Key concepts relating to promotional delivery methods.
Internet and Social Media Promotion: Allows targeted, interactive, and immediate communication, growing importance due to digital connectivity.
Helps build brand awareness and preference, driving sales. Supports new product launches and seasonal campaigns. Creates engagement and customer loyalty.
For stakeholders, effective promotion can improve market share, profitability, and investor confidence.
What is the main purpose of promotion in business?
To communicate with customers and persuade them to buy products or services.
Name two types of promotion strategies.
Above the Line (ATL) and Below the Line (BTL).
What is an example of Above the Line promotion?
TV advertising.
What are some forms of Below the Line promotion?
Direct marketing, sales promotions, sponsorship, public relations, personal selling.
Why is branding important in promotion?
It reinforces identity and builds customer trust.
What role does personal selling play?
It involves face-to-face communication, often for B2B or high-value purchases.
How has internet and social media promotion changed marketing?
It allows targeted, interactive, and immediate communication.
What is one key benefit of effective promotion?
It helps build brand awareness and customer loyalty.
How does promotion impact stakeholders?
It can improve market share, profitability, and investor confidence.