A sandwich shop plans to start an aggressive advertising campaign if a competing sandwich shop opens nearby. this is an example of a(n) promotion.
The term "promotion" covers a wide range of activities designed to increase public awareness or advance a product. Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure. Promotion in marketing is the process of raising consumer interest in a product through marketing or a price reduction. Promotions of any kind are considered discretionary spending. This indicates that promotions are not necessary to occur. However, a business will frequently carry out an assessment before a promotion to weigh the costs and benefits.
For instance, the benefits that a promoted employee will bring may be greater than the additional wage cost for an employee.
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