The mcdonald's monopoly game is an example of which type of promotion? multiple choice advertising cause marketing publicity personal selling sales promotion

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24-04-2018
Business

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The mcdonald's monopoly game is an example of which type of promotion? multiple choice advertising cause marketing publicity personal selling sales promotion

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MrsTriplet MrsTriplet · Answer 1 · 2018-05-04T03:01:58+02:00

The McDonald's monopoly game is an example of which type of promotion? Sales promotion. The McDonald's monopoly game is a sales promotion method where customers compete for prizes based solely on chance. Different items on the McDonald's menu have monopoly pieces on them and your goal is to get a set of places to win a prize. Consumer games are fun and engaging ways to promote your product while getting consumers involved.

smecloudbird18 smecloudbird18 · Answer 2 · 2022-07-26T17:26:31+02:00

The mcdonald's monopoly game is an example of sales promotion.

What is sales promotion?

A group of marketing strategies known as sales promotion attempt to increase demand for certain items and raise consumer awareness of brands. Due to its limited duration, it fosters a sense of urgency, produces new leads, and maintains the interest of current clients.

One of the key components of the promotion mix is sales promotion. You must identify the sales strategies that resonate with your target market if you want to develop long-lasting relationships with people.

Sales promotions are mostly used to spur an increase in short-term purchases or to persuade consumers to make purchases in order to meet a benchmark or objective. Although an increase in sales is a sales promotion's primary goal, developing a planned sales promotion approach has many other advantages.

Running a short-term sales promotion has a lot of advantages:

New lead generation: Sales promotions boost customer acquisition by providing customers with discounts, freebies, trial offers, and more. Many prospective customers are eager to test out a product for less money, and if they like it, they'll stick with your business.
Introducing a new product: Long-term clients may be devoted to their regular items, while new customers may require incentives to purchase.
Selling out excess stock: Although no one likes to be in this situation, it does occur. When that occurs, a sales offer can be a helpful tool for clearing out inventory while luring in new clients who might not already own the overstocked item.
Rewarding current clients: A successful sale doesn't end with the first transaction. Customer retention is crucial for maintaining high levels of brand loyalty and credibility.
Increasing last-minute sales: To hit revenue or inventory targets at the end of a month or quarter, many businesses use sales promotions.

Overall, sales promotions are a potent instrument for quickly boosting demand, attention, and sales for your company. They need to be utilized carefully and with a clear objective in mind if you want to make sure they continue to work.

To learn more about sales promotions, click here

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