Identify the Objective of Trade Promotions

question 84

Multiple Choice

Identify the objective of trade promotions.

• A)Creating awareness about the product among the end consumers.
• B)Identify the needs of final consumers.
• C)Giving the intermediaries incentives to carry and sell the product.
• D)Giving customers a reason to purchase the product.

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Definitions:

New Product

An item or service that has been recently developed or introduced to the market, offering new or improved features.

Minimum Wage Control

Regulatory measures that set the lowest hourly rate of pay that employers can legally offer their employees.

Fringe Benefits

Additional compensation provided to employees beyond their normal salaries or wages, such as health insurance, retirement plans, and paid time off.

Workplace Amenities

Features and benefits provided in the workplace beyond salary, aimed at improving employees' working conditions and satisfaction.