Premium type of promotion offers an item for free or at an extreme bargain price to reward a specific buyer behavior.
What is Promotion ?
- Activity that actively encourages or promotes the advancement of a cause, endeavor, or goal.
- The promotion of a company, cause, or endeavor in order to boost revenue or public exposure.
What is Premium Promotion?
- Traditional definitions of a premium offer include a sales promotion strategy in which buyers receive two or more things for less money than the aggregate price of the products.
- Customers are encouraged to purchase additional things as a result. Customers that purchase premium offers receive gifts, coupons, awards, and other incentives.
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