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Question : Case Study:

ABC Bookstore provides a discount to university students who show their student IDs when purchasing books. What sales promotion technique is used here?

 

Option 1: Trade Shows

Option 2: Premiums

Option 3: Trade Allowances

Option 4: Discounts


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Discounts


Solution : The correct answer is (d) Discounts. 

Providing a discount to university students who show their student IDs is a common way to stimulate sales and attract a specific target market—students in this case. Discounts involve reducing the regular price of a product or service, encouraging customers to make a purchase due to the perceived cost savings. Trade shows, premiums, and trade allowances are different sales promotion techniques involving distinct strategies and incentives.

 

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