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Card 1 of 29

What three purposes does promotion serve?

A

Promotion chooses suppliers, distributes products and calculates the business’s profit.

B

Promotion makes customers aware of a product, persuades them to buy and reminds them it exists.

C

Promotion lowers production costs, increases employee motivation and guarantees repeat purchases.

D

Promotion identifies competitors, sets the selling price and controls the quality of production.

Card 1 of 29

2.2.3a Promotion strategies for market segments Flashcards

  1. GCSE
  2. /Business
  3. /2.2.3a Promotion strategies for market segments

29 flashcards on Edexcel GCSE Business 2.2.3a Promotion strategies for market segments: the key terms, formulae and case studies you need to recall for Paper 1 and Paper 2.

Flashcards