One Disadvantage of Promotions Is That,although They Can Help Introduce

question 65

True/False

One disadvantage of promotions is that,although they can help introduce a new product and create brand awareness,they fail to create an immediate consumer response.

---

Definitions:

Return

The process of bringing back a purchased product to the seller or store, often for a refund or exchange.

Monopoly Firm

A company that is the sole provider of a product or service in a market, resulting in a lack of competition.

Price Maker

A market participant with the power to influence the price of a good or service by altering its supply, demand, or both.

Downward Sloping

Refers to a graph line that shows a decrease in price leading to an increase in demand, commonly illustrated in supply and demand curves.