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Explain about the push strategy in briefly.
A pushstrategy comprises convincing trade intermediary channel members to “push” the product during the distribution channels to the last and final consumer through promotions and personal selling efforts both. The company promotes the product via a reseller who during turn promotion this to yet other reseller or the last consumer. All trade-promotion objectives are to persuade wholesalers or retailers to carry a brand, offer a brand shelf space, promote a brand within advertising, and/or push a brand to last consumers. Usual tactics utilized into push strategy are as given here: allowances, free trials, buy-back guarantees, contests, discounts, displays, specialty advertising items and premiums.
Q : Regress widget sales on time and add the (a) line, (b) linear equation and (c) R 2 (variance explained) to the graph you created in Q3. Please explain the meaning of each.
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