Mastering Marketing Promotion: Strategies, Models, and Roles
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Reasons for Promotion's Growth and Importance in Business
- Growth of Competition & Product Variety: Businesses need to stand out in crowded markets.
- Shift from Product-Centric to Customer-Centric Marketing: Focus on understanding and meeting customer needs drives promotional efforts.
- Need for Brand Awareness & Differentiation: Promotion builds recognition and highlights unique selling propositions.
- Expansion of Markets & Consumer Segments: Reaching diverse audiences requires targeted promotional campaigns.
- Technological Advances Enabling New Promotional Tools: Digital platforms offer innovative ways to connect with consumers.
Role of IMC in Brand Identity and Equity
- Integrates All Communication Channels: Ensures consistent messaging across