Sales promotions stimulate consumer purchasing and dealer interest by means of long-term activities.True false question.TrueFalse
Question
Sales promotions stimulate consumer purchasing and dealer interest by means of long-term activities.
- True
- False
Solution
The statement "Sales promotions stimulate consumer purchasing and dealer interest by means of long-term activities." is False.
Analysis
Sales promotions are typically short-term strategies designed to boost immediate sales or interest in a product or service. They encompass various tactics such as discounts, coupons, contests, and limited-time offers, aimed at encouraging consumers to make quick purchasing decisions. These promotions are executed to create urgency and immediate action, rather than being long-term activities.
On the other hand, long-term activities refer to marketing strategies that focus on brand building, customer loyalty, and sustained engagement over time, such as brand advertising and relationship marketing. While effective in building a brand's future, they do not operate under the same principles as short-term sales promotions.
Therefore, the essence of sales promotions lies in their ability to drive quick sales and not necessarily to foster long-term consumer relationships or dealer interest in a sustained manner. Hence, the statement is deemed false.
Similar Questions
Compared to advertising - marketers spend twice as much on sales promotions.Question 2AnswerTrueFalse
What are some examples of sales promotions used to encourage short-term sales?CouponsContestsGift premiumsAll of these
When marketers promote products to and dealers they implement external sales promotion to intermediaries.
When salespeople are given new sales aids or incentives to complete sales quotas, it is known as sales promotion.
8 Explain one way in which promotion can be used to extend a product’s life cycle.
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