I (Meaning and importance of Exports) Unit Structure
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(b)
Sales Promotion Sales promotion includes activities that seek to directly induce, or indirectly serve as incentives to motivate, a desired response on the part of target customers, and intermediaries. The various sales promotion techniques include free samples, 84 consumer contests, money-refund offers, free gifts, quantity discount and installment selling. (c) Personal Selling Personal selling is face to face communication with one or more prospective buyers/users and influencing the buyer with the aim of motivating the prospect toward a purchase decision. It is one of the four tools of marketing communication. The other tools are public relations and publicity, sales promotion and advertising. Arrange of top executives meetings with the top executives of a potential buying company. In foreign markets personal selling is possible in trade fairs and exhibitions and also at stores level. (d) Public Relations Modern firms are concerned about the effects of their actions on the public. The firm should understand concerns of the public and communicate to them its goals and interests, otherwise, they may misinterpret, distort or be openly hostile to the firms actions. The firm needs to communicate to correct erroneous impressions of the company in the minds of general public, to maintain goodwill, a nd explain the firm‟s goals and interests. (e) Direct mailing Direct mailing is the sending of sales literature through mail to select or perspective customers. Advertising is costly in overseas markets. For industrial products, such advertising in national newspapers, T.V., and commercial radio is not required. One of the most cost efficient methods of product promotion in foreign markets is the direct mailing method. This method is selective and also personal in nature. Download 1.2 Mb. Do'stlaringiz bilan baham: |
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