A financial institution suffering from reputational damage after widespread system glitches launches two campaign initiatives: sponsoring a national youth entrepreneurship competition to restore trust among community stakeholders, and offering a zero-fee cash incentive for the first 1,000 customers who open new accounts. Which statement correctly distinguishes the underlying commercial objectives of these two strategies?
- Sponsoring the youth competition functions as a public relations effort to rebuild long-term corporate goodwill, while the account incentive acts as a sales promotion tool designed to stimulate immediate customer adoption.Cevap
- BSponsoring the youth competition is an informative advertising strategy to highlight service fees, while the account incentive represents a public relations measure for managing crisis communication.
- CBoth initiatives are direct sales promotion techniques intended exclusively to generate quick transactional volume without affecting corporate reputation.
- DThe youth competition serves as an electronic banking service modification, whereas the account incentive represents commercialization of state assets.
Cevap
Sponsoring the youth competition functions as a public relations effort to rebuild long-term corporate goodwill, while the account incentive acts as a sales promotion tool designed to stimulate immediate customer adoption.
The correct response accurately identifies that community sponsorship is a public relations activity designed to cultivate long-term public goodwill and repair corporate reputation, whereas a limited-time sign-up cash reward is a sales promotion tactic intended to achieve immediate customer uptake.
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Distinction between Sales Promotion and Public Relations