Volume : II, Issue : VIII, August - 2013
Sales Promotion Techniques: One Solution does not Fit all
Vishal J. Mali, Jigna N. Ahir
Abstract :
Sales promotion is myopic incentives which majorly try to invoke consumer responses. However, there exists a debate over its effectiveness. So this research paper tries to identify effective promotional tools catering to Fast Moving Consumer Goods, Consumer Durables, and Business Services segments. It is found through Friedman method and ANOVA analysis that mostly consumers respond more to Buy one get one Free (BOGOF) in FMCG segment; In consumer durables segment, Refund offer was found to be more effective than others, Business services seem to be have Demonstration and trial, Frequent buyer benefit to be more effective than the rest.
Keywords :
Sales promotions; Promotion tools; Fast Moving Consumer Goods; Consumer behavior; Consumer Durable Goods Business Services
Article:
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DOI : https://www.doi.org/10.36106/gjra
Cite This Article:
Vishal J. Mali, Jigna N. Ahir / Sales Promotion Techniques: One Solution does not Fit all / Global Journal For Research Analysis, Vol:2, Issue:8 August 2013
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Vishal J. Mali, Jigna N. Ahir / Sales Promotion Techniques: One Solution does not Fit all / Global Journal For Research Analysis, Vol:2, Issue:8 August 2013