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Define What Is Meant by Sales Promotion and Identify Two

question 8

Essay

Define what is meant by sales promotion and identify two types of sales promotions that target two distinctly different markets.Discuss who offers the promotion,who benefits from it,and how sales promotion is cheaper than advertising.


Definitions:

Medium-Grade Quality

Describes products or materials that meet a standard of performance or durability that is considered average or moderate in comparison to others.

Breach of Warranty

The failure to fulfill the terms of a promise, guarantee, or warranty in a contract, leading to potential legal action for damages.

Repossesses

The act of a lender or seller taking back property when the borrower fails to make payments as agreed.

Prior Claim

A right or claim that takes precedence over others, having seniority in time or order of obligation.

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