Determine the cost of providing free samples

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Assignment:

In addition to the three sales promotion strategies you mentioned, businesses can use them to boost sales by offering free samples. Providing free samples to potential customers is a popular and effective way to attract new customers, increase sales, and allow potential customers to try their product without any financial commitment, which can often lead to increased brand awareness and customer loyalty (Ogden & Ogden, 2014). Additionally, providing free samples can help businesses gather valuable customer feedback and improve their product offerings based on that feedback. However, it's important for companies to carefully consider the cost of providing free samples and ensure they provide samples to the right target audience to maximize their return on investment.

Reference no: EM133419478

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