Retailers help manufacturers to advertise their products and offer short-term incentives in the form of coupons, free gifts, sales contests. This service is identified as _________.
A
Help in distribution of goods
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B
Help in promotion
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C
Collecting market information
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D
Enabling large-scale operations
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Solution
The correct option is B Help in promotion Promotion is a type of communication between the buyer and the seller. The seller tries to persuade the buyer to purchase their goods or services through promotions. It helps in making the people aware of a product, service or a company. It also helps to improve the public image of a company.Promotion is the element in an organization's marketing mix that serves to inform, persuade and remind the market of the organization or its products.