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Question
What is the importance of promotion?
What is the importance of promotion?
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Solution
The importance of promotion are:
- It increases the speed of product and service acceptance.
- Aids in the sales of goods and services in imperfect market conditions.
- It provides effective sales support.
- Fills the gap between the manufacturers and the end consumers.
- Increases the trade pressure in the market.
- Aids in facing industry competition.
- Increases the standard of living.
- Provides employment opportunities.
- Pave way for large-scale selling activities.
Also read:
The importance of promotion are:
- It increases the speed of product and service acceptance.
- Aids in the sales of goods and services in imperfect market conditions.
- It provides effective sales support.
- Fills the gap between the manufacturers and the end consumers.
- Increases the trade pressure in the market.
- Aids in facing industry competition.
- Increases the standard of living.
- Provides employment opportunities.
- Pave way for large-scale selling activities.
Also read:
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