Consumer Promotion

Consumer Promotion

Also known as sales promotion, is a temporary marketing strategy aimed at boosting brand awareness and motivating customers to purchase a product.

Related Terms

Product Attributes

A descriptive facet of a product that helps to specify, classify, and differentiate it within a

Excess Inventory

Also referred to as surplus inventory, denotes the surplus stock held by a company beyond what

Yield Management

A pricing strategy used to maximize revenue by varying prices based on demand and inventory levels.