What is promotional pricing?

What is promotional pricing?

Discover what promotional pricing is, how businesses use it to boost sales, and the benefits of this marketing strategy.

What is promotional pricing?

Anthony Apr-29-2023 07:00:34

571 days ago

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1 Answer

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Promotional pricing is a marketing tool that businesses use to create a sense of urgency and stimulate demand for their products or services. It involves marking down the price of an item or offering discounts or promotions for a limited period of time. This strategy is often used to draw in new customers or to capture greater market share from competitors. By offering products or services at a lower price, businesses can generate increased sales, profitability, and customer loyalty.

Brayden

11 Ques 1 Ans

answered 22 Aug 2023

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