Question

Identify the two main types of value derived by organisations when using sales promotions online.

   Identify the two main types of value derived by organisations when using sales promotions online.
 
Marketing Communications: Brands, Experiences And Participation
Marketing Communications: Brands, Experiences And Participation
Chris Fill 6th Edition
Chapter 23, Problem 7 ↓

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This occurs as promotions attract more customers, encouraging them to make purchases they might not have considered otherwise.  Show more…

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Identify the two main types of value derived by organisations when using sales promotions online.
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Key Concepts

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Transactional Value
Transactional value refers to the immediate, measurable financial benefits that organizations gain from online sales promotions. These include a direct increase in sales volume, conversion rates, and revenue as customers respond promptly to promotional offers by making purchases.
Relational Value
Relational value encompasses the long-term benefits that arise from building and strengthening customer relationships through online promotions. This value is manifest in enhanced customer loyalty, improved brand engagement, and the development of a positive brand image, which contribute to sustained business growth over time.

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Sales Promotion Alternatives This activity is important because a substantial amount of promotional spending is allocated to sales promotion. To select and integrate the optimal promotion techniques requires that marketing managers possess a good understanding of the advantages and disadvantages of each kind of sales promotion. The goal of this exercise is to demonstrate your understanding of the difference between consumer-oriented sales promotion and trade-oriented sales promotion. Roll over each sales promotion example and then classify it as either consumer-oriented or trade-oriented. Giant Sunday Consumer-Oriented Sales Promotions Trade-Oriented Sales Promotions Free rocky road 3D training Subway Pepsi Super Bowl $0.50 off Black Book 50% support

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