Promotions
Sales promotions can result in immediate sales benefits and also "help keep sales consistent throughout the year," (Chapter 6, p. 4). Although sales promotions are short-term and can potentially hurt the brand image, they are often indispensible tools for some companies and some brands. There are basically two categories of promotions: promotions for consumers and promotions for the trade industry (retailers or wholesalers). Consumer promotions account for as much as 75% of all marketing expenditures for some companies (Chapter 6, p. 8). Seven primary types of consumer promotions include coupons, sampling, cash refunds or rebates, sweepstakes, loyalty programs, premiums, and free trials.
Coupons are one of the most common types of consumer promotions used. Coupons may offer a percentage off a purchase, or a finite dollar amount. Although coupon use has declined, they remain important. Food coupons are one of the most important types of coupons used in the consumer sector. For instance, a Kraft brand product...
1) However, to save the customer time, managers and staff must put in extra time to discover what the customer might consider a problem. Sales staff must scan company Web sites, read corporate annual reports, and talk to competitors in the industry so they can get a feel for prospects' issues. Sales people should thus be rewarded not based on immediate returns and quick-profit producing sales but long-term client building results.
Since the 1970s, the global retail clothing industry has experienced intense international competition and major shifts in the pattern of consumer demand. These pressures have had far-reaching implications for the clothing industry in the areas of pricing, design, quality, manufacturing processes and employment (Rath, 2002). According to this author, "In the 1970s, traditional manufacturers, particularly High Street retailers with their own manufacturing capacity, found themselves unable to compete with low
Sales and Promotion Blue Mountain Community College has been experiencing some difficulty in the area of developing a sales and promotion plan for the athletic department. The purpose of this discussion is to resolve this problem through the development of a detailed plan for promotion and sales of its teams. The plan will be inclusive of the five teams the community college has including football, baseball, softball, and men's and women's
The consolidation of the banking industry forced higher levels of trusted interbank trading and exchanges (Lin, Hu, Sung, 2005) fueled the rapid growth of multichannel banking, thin client technologies including AJAX, JAVA (J2EE) and XML, and led eventually to mobile devices including PDAs and smart phones being able to manage financial queries and transactions (Ho, Mallick, 2010). All of these technologies had taken on immediate and urgent priority by
Resume Review for Sales Recruitment constitutes practices and activities, carried out within a given organization with the main intention of identifying and attracting a potential workforce. Before starting the recruitment process, the organization should determine the needs of the organization, which will assist in establishing the number of employees they will need. It is also important to approximate the number of applicants needed for each position, but it is more important
Sales Management & Strategic Marketing LO 1: Understand the Basic Principles of Sales ManagementWhat is sales management?Sales management refers to creating selling strategies, recruiting and training the sales team, and organizing the activities that aim to achieve the company�s sales target. Sales management is critical in helping the business create a superior sales force, minimize costs, develop a robust relationship among the team members and the consumers, and achieve the
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