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Explain different sales promotion techniques. |
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Answer» (1) Quantity Gift: Offering extra quantity of the product. (2) Contests : Prize contests are organized for the consumers and winners are given attractive prizes. (3) Money refund : There are certain manufacturers who promise to refund the price of the product, if it does not satisfy the consumer. (4) Samples : Offer of free samples of a product to customers at the time of introduction of a new product. |
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