the mcdonald’s monopoly game is an example of which type of promotion

Simple promotions, like discounts and coupons, drive sales by offering customers a more enticing deal on a product or service. The ultimate goal of all promotions, either directly or indirectly, is driving sales and increasing revenue. There are many different promotion mechanisms which, for a relatively small financial investment, can help businesses do the following: 1. Promotion marketing goalsĪn increasing number of businesses are turning to promotion marketing to achieve a variety of business goals. Promotion Marketing uses methods like discounts, coupons, referral campaigns, loyalty programs and product bundling to achieve business goals. The foundation of successful Promotion Marketing is effective delivery of a valuable and relevant reward or incentive to the right customer at the right time. What is promotion marketing: The definitionĪt Talon.One, we define Promotion Marketing as: The use of targeted incentives, rewards and special offers with the goal of influencing a purchase, attracting customers and increasing brand awareness.

The mcdonald’s monopoly game is an example of which type of promotion