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Sales promotion is important because it enhables a business to

Marketing
WAEC 2023

Sales promotion is important because it enhables a business to

  • A. create competition between different products
  • B. fix prices for its products and services
  • C. locate customers in different areas
  • D. stimulate demand for its products
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Correct Answer: Option D
Explanation

Sales promotion is important because it enables a business to stimulate demand for its products. Sales promotion activities are designed to attract customers, increase sales, and create interest in a company's products or services. By offering incentives, discounts, special deals, or other promotional activities, businesses can encourage customers to make purchases, try new products, or become repeat buyers. Sales promotion helps create a sense of urgency or excitement around a product, which can lead to increased customer interest and demand. Ultimately, sales promotion helps businesses generate sales, boost revenue, and build customer loyalty.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
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Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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