Review:
Sales Promotions
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Sales promotions are marketing strategies used to drive sales and attract customers by offering special deals, discounts, or incentives.
Key Features
- Discounts
- Coupons
- Free samples
- Contests
- BOGO offers
Pros
- Attracts new customers
- Increases sales revenue
- Builds brand loyalty
- Creates a sense of urgency
Cons
- May reduce profit margins
- Can create price-sensitive customers
- Overuse can devalue a brand