The purpose/Importance of product promotion

Business studies study module
  • It informs the customer of the availability, price, and where to obtain the product to satisfy their wants
  • It persuade the buyer to buy their products a head of their competitors products in the market
  • It reminds the customers of the continued existence of a given product in the market
  • It educate the consumers of the usage of the product to satisfy their needs fully
  • It informs them on any improvement that has been made on the product
  • It stimulates the demand of the product being promoted in the market
  • It brings out the positive features of the product
  • It opens new market for the product in the environment

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