To quickly reduce stock levels before introducing a revised curriculum edition, a textbook publisher offers retail distributors a temporary 15% price discount on all bulk orders placed within a two-week period. Which auxiliary commercial strategy is the publishing company using?
- Sales promotionAnswer
- BPublic relations
- CInformative advertising
- DPersonal selling
Answer
Sales promotion is the correct technique because offering temporary bulk discounts represents a short-term financial incentive to spur immediate order placement.
Sales promotion consists of short-term tactical incentives—such as temporary price reductions, trade allowances, coupons, and premiums—designed to motivate buyers or trade intermediaries to make an immediate purchase.
Step-by-Step Solution
Key Concept
Sales promotion tools versus public relations and advertising