What is promotional pricing?

Anthony Apr-29-2023 07:00:34

363 days ago

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Promotional pricing is a marketing tool that businesses use to create a sense of urgency and stimulate demand for their products or services. It involves marking down the price of an item or offering discounts or promotions for a limited period of time. This strategy is often used to draw in new customers or to capture greater market share from competitors. By offering products or services at a lower price, businesses can generate increased sales, profitability, and customer loyalty.

Brayden

1 Ques 1 Ans

answered 22 Aug 2023

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