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- The importance of product promotion includes12345:
- Boosting brand awareness
- Convincing people to try a new product at least once
- Providing information about the product's benefits and why it's better than the competition
- Increasing customer use
- Increasing the speed of product and service acceptance
- Aiding in the sales of goods and services in imperfect market conditions
- Providing effective sales support
- Filling the gap between the manufacturers and the end consumers
- Increasing the trade pressure in the market
- Driving sales and increasing revenue
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Promotions can accomplish several different goals: Boost brand awareness. Convince people to try a new product at least once. Provide information. If your product is new, promotion can make people aware of its benefits and why it's better than the competition. Increase customer use.bizfluent.com/about-7221403-promotion-important-…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.byjus.com/question-answer/what-is-the-importanc…Promoting a product is an important way to drive sales and increase revenue to cover costs for initial research and development, manufacturing costs and product trials. Though, a carefully planned promotional campaign can bring large profits once the product gains attention in the consumer marketplace.www.indeed.com/career-advice/career-developme…Importance of Product Promotion
- It is helpful to increase the number of customers as well as increase sales of the products.
- Product promotion is helpful to make an impression on customers
www.sooperarticles.com/business-articles/promotio…Various features of product promotion are as discussed in point given below: –
- Product promotion primarily pays attention on creating wide awareness of products and brand in market. ...
commercemates.com/what-is-product-promotion-o… - People also ask
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