Suppose you are buying an ice cream box, and the shopkeeper is selling it at a reduced price so that he can sell the product before the expiration date. What type of sales promotion is this?
[0.80 marks]
A
Discount
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B
Sampling
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C
Refund
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D
Rebate
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Solution
The correct option is D Rebate Sales promotions are techniques that help attract customers to buy the products immediately. There are various sales promotion techniques. One of the techniques is rebate. The shopkeepers usually offer products at a cheaper price so that the excess in the inventory is cleared.