Untitled Quiz

<p>Test the value of a product or service before purchasing. (B)</p> Signup and view all the answers

<p>Encouraging competition among retail stores. (C)</p> Signup and view all the answers

<p>Bundling with high-margin products. (C)</p> Signup and view all the answers

<p>By allowing customers to experience the product’s value. (D)</p> Signup and view all the answers

<p>Bundling low-margin items together. (D)</p> Signup and view all the answers

<p>Aligning discounts with holidays and festivals (B)</p> Signup and view all the answers

<p>Price reductions for customers making large purchases (C)</p> Signup and view all the answers

<p>Implementing a complex redemption process (B)</p> Signup and view all the answers

<p>Facilitating bulk purchases and strengthening relationships (C)</p> Signup and view all the answers

<p>They may discourage customers from submitting rebates (C)</p> Signup and view all the answers

<p>They offer a percentage reduction for timely payments (A)</p> Signup and view all the answers

<p>By providing discounts at the point of purchase (D)</p> Signup and view all the answers

<p>Bundling with lower-margin items at a discounted rate (D)</p> Signup and view all the answers

<p>To incentivize customers to purchase more items. (B)</p> Signup and view all the answers

<p>They often come with expiration dates or fees for non-usage. (D)</p> Signup and view all the answers

<p>It encourages customers to buy more by offering a discount on multiple products. (C)</p> Signup and view all the answers

<p>Restricting the promotion to less popular items to clear out inventory. (A)</p> Signup and view all the answers

<p>To encourage customers to purchase on impulse due to urgency. (D)</p> Signup and view all the answers

<p>To allow customers to experience the product before committing to a purchase. (A)</p> Signup and view all the answers

<p>Long processing times resulting in customer forgetfulness or loss of interest. (C)</p> Signup and view all the answers

<p>Add-On Bundling (B)</p> Signup and view all the answers

Buy One Get One deals that often target either in-store or online purchases, or bundle products with different margins

BOGO deals that are limited to physical stores only or online purchases only.

Combining a high-margin product with a lower-priced product in a BOGO deal.

Promotional periods with a very limited timeframe to encourage quick purchasing decisions.

Allow potential customers to try out a product or service for free for a limited time .

Offering a percentage reduction on the original price for a limited time.

Offering discount vouchers or refunds on a specific product.

A product with a significantly higher profit margin compared to its cost.

Long wait times (e.g., 8-12 weeks) for processing rebates can cause customers to forget about the rebate or lose interest.

Rebates issued as prepaid cards with expiration dates and fees for non-usage, allowing the issuer to reclaim unused balances.

Combining multiple products/services at a discounted price to incentivize larger purchases.

Combining multiple products or services into one package at a discount to increase customer value.

Promotional strategy where customers get an additional item free or at a discount when purchasing one.

BOGO deals only applied to specific products to clear out inventory, while the price of desirable items remains.

Offering additional items at a discounted cost when buying a primary item, increasing upselling.

Promotional offers that bundle multiple items into a single package for convenience, variety, and cost savings.

Temporary price reductions during specific seasons, like holidays or festivals, to increase sales.

Price reductions for large orders or reaching a specific sales volume.

Incentives for paying promptly using cash or other methods.

Price reductions for resellers, distributors, and wholesalers.

Vouchers for a discount at the point of purchase.

Partial refunds after a purchase.

Intentionally difficult rebate claiming, discouraging customers.

Short timeframes to receive rebates, with penalties for missing the deadline.