Asked by Jonique Smith on May 22, 2024
Verified
Premiums are used solely to get customers to come into the retailer's store.
Premiums
High-quality or additional products offered as an incentive to promote a primary product or service.
Retailer's Store
A business establishment that sells goods directly to the public, typically from a physical location.
Customers
Individuals or organizations that purchase goods or services from a business, determining its success through their satisfaction and loyalty.
- Recognize and differentiate among various categories of sales promotions and their objectives.
Verified Answer
BN
Bryan NacuaMay 26, 2024
Final Answer :
False
Explanation :
Premiums can serve multiple purposes beyond just getting customers into a store, such as promoting brand loyalty, encouraging repeat purchases, or as part of a larger marketing strategy to increase product awareness.
Learning Objectives
- Recognize and differentiate among various categories of sales promotions and their objectives.