The mcdonaldвЂ™s monopoly game is an example of which type of promotion

#THE MCDONALDвЂ™S MONOPOLY GAME IS AN EXAMPLE OF WHICH TYPE OF PROMOTION TRIAL#

I would personally argue that sales promotion, in moderation, can be a way to foster competitive advantage, holding the ability to entirely shape and develop your brand. (KotlerвЂ™s short- term and long-term effects of sales promotion)

Overall customer base вЂ“ more sales вЂ“ more users вЂ“ more customers.

Sustaining competiveness вЂ“ enticing new users, new discounts, and better pricing, augmented products.

Reduce seasonality вЂ“ improving purchase outside the season.

Helps beat austerity in your market вЂ“ Recession buster.

#THE MCDONALDвЂ™S MONOPOLY GAME IS AN EXAMPLE OF WHICH TYPE OF PROMOTION TRIAL#

Introducing new products вЂ“ heightening stocking or trial from consumers and suppliers.What exactly is sales promotion and what can it do for your brand/business?ДЄ sales promotion is the procedure of inducement, it is a short-term tactic used as an impetus to encourage a potential customer to buy a product, thus accelerating sales. In this article will look at technique sales promotions and how you must evaluate the impact this may have on the rest of the mix, then how you utilize your sales promotion (SP) to benefit from the mix and not isolate it on itself. The formula marketers use often changes, we need to look at the subsets of each of the PвЂ™s and see how they fit and can be installed to complete our strategic objectives. We donвЂ™t always know what will work, and we can only make educated decisions based on the wants of our target audience, niche and the environment surrounding them. Perhaps thatвЂ™s why it is so fascinating for marketers such as myself. However, as you inevitably discover marketing is distant from simple, there is no correct algorithm, no model answer, and no perfect mix. From the outset, people believe marketing is simplistic, especially when you segregate it into those 4 main parts. As we all know, the marketing mix consists of Product, Place, Promotion and Price.

The mcdonaldвЂ™s monopoly game is an example of which type of promotion