How is a sales promotion cheaper and easier to measure than advertising? Explain using an example

What will be an ideal response?


ANSWER: Sales promotion is usually cheaper than advertising and easier to measure. A major national television advertising campaign often costs $10 million or more to create, produce, and place. In contrast, promotional campaigns using the Internet or direct marketing methods can cost less than half that amount. It is also very difficult to determine how many people buy a product or service as a result of radio or television ads. With sales promotion, marketers know the precise number of coupons redeemed or the number of contest entries received.

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a. is almost impossible to achieve b. is born, not made c. is like getting the right people on the bus, getting the wrong people off the bus, and getting the right people in the right seats on the bus d. none of these

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Ruth Terry is a realtor. In her ads, Terry offers the free use of a moving truck to every customer she helps either buy or sell a house. This free use of a moving truck is an example of a(n) ________

A) benefit B) demand C) social marketing concept D) need E) production orientation

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Identify three bases by which a party can seek judicial review of adverse agency action

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In the used car market, asymmetric information leads to the lemons problem because the price that buyers are willing to pay will

A) reflect the highest quality of used cars in the market. B) reflect the lowest quality of used cars in the market. C) reflect the average quality of used cars in the market. D) none of the above.

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