Explain the term- promotion of product, Marketing Management

Assignment Help:

Explain the term- Promotion of product

Promotion:  If product is manufactured keeping the consumer needs in mind, is rightly priced and made available at outlets convenient to them however consumer isn't made aware about its price, features, availability etc, its marketing effort may not be successful. Hence promotion is a significant ingredient of marketing mix as it refers to a process of informing, persuading and influencing a consumer to make choice of the product to be bought. Promotion is done by means of personal selling, advertising, publicity and sales promotion. It's done mainly with a view to provide information to prospective consumers about availability, characteristics and uses of a product. It arouses potential consumer's interest in the product, compare it with competitors' product and make his choice. Proliferation of print and electronic media has immensely helped the process of promotion.

 


Related Discussions:- Explain the term- promotion of product

Concept of rules and discretionary central banking policies, Question 1: ...

Question 1: (a) Clearly explain the concept of rules versus discretionary central banking policies. (b) Discuss the various risks faced by the financial system and disc

Value proposition, Value proposition of Cadbury dairy milk?

Value proposition of Cadbury dairy milk?

International business, how international organizations contribute in inter...

how international organizations contribute in international business?

Algebra 2, the cost of renting a canoe is $20 dollars for the first 4 hours...

the cost of renting a canoe is $20 dollars for the first 4 hours and $3 per hour for additional hours. Sketch a graph of the cost of renting a canoe from 0 to 8 hours. Then write a

Positioning, brief explanation on positioning

brief explanation on positioning

What is product strategies, What is Product Strategies? Product Strat...

What is Product Strategies? Product Strategies: The product is one of the most significant elements of a marketing program. A company is generally called by the products

How is solution to customer in personal selling provided, How is solution t...

How is solution to customer in personal selling process provided? Providing solutions to customer: After the presentation when any queries exist, in that case sales execu

Implement a successful crm strategy, When customer-facing managers are aske...

When customer-facing managers are asked whether their CRM initiatives have been a success , the chances are that many of them will say "no". Ask them why they failed, and they will

Product mix, What are the various strategies of product mix

What are the various strategies of product mix

Define the position on benefits for positioning, Define the Position on Ben...

Define the Position on Benefits for Positioning. Position on Benefits: This approach and strategy is closely associated to prior one. Here product is positioned upon its

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd