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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.
Importance of the New or Morden concept of the marketing: The importance of the New or Morden concept of marketing may be described as under: 1. Helpful in produc
Factor affecting choice of channel of the distribution: the best channel distribution is one of that works best in n the selected by the company. The channel chosen should achieve
Advertising and sales promotion Advertising and sales promotion allow for a high level of control over the message, from design to transmission. Interestingly, they afford only
Model of the buyer behaviour: The straight point for understanding buyer behaviour is also vital in the marketing is a simultaneous response model shown in the figure below. Ma
A planning in which a business expands its activities to include allocation or lines of business related to the selling of its core products.
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