Some Observers Note That Promotions Always Pay for Themselves in the Short

question 64

True/False

Some observers note that promotions always pay for themselves in the short term, but advertising never pays for itself in the short run.

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Definitions:

Value-Added

The enhancement added to a product or service by a company before offering it to customers, representing the difference between the cost of inputs and the value of outputs.

Lean Principles

A management philosophy focused on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Service Businesses

Companies that provide intangible products or services, such as consulting, repair, or maintenance.

Non-Value-Added

Processes or activities that do not add value or contribute to the customer's perceived value of a product or service.