What are the main functions of promotion?

ootamay

In marketing, promotion refers to any type of marketing communication used to inform target audiences of the relative merits of a product, service, brand, or issue, most of the time persuasive in nature. It helps marketers to create a distinctive place in customers' minds, it can be either a cognitive or emotional route. The aim of promotion is to increase brand awareness, create interest, generate sales, or create brand loyalty. It is one of the basic elements of the market mix, which includes the four Ps, i.e., product, price, place, and promotion.

Promotion is also one of the elements in the promotional mix or promotional plan. These are personal selling, advertising, sales promotion, direct marketing publicity, word of mouth and may also include event marketing, exhibitions, and trade shows. A promotional plan specifies how much attention to pay to each of the elements in the promotional mix, and what proportion of the budget should be allocated to each element.

Promotion covers the methods of communication that a marketer uses to provide information about a product. Information can be both verbal and visual.
/11 2022
(https://en.wikipedia.org/wiki/Promotion_(marketing))
https://en.wikipedia.org/wiki/Promotion_(marketing)

cheungchunto

Thank you.