Generally speaking, "Price" is more important than "Place." (Select all that apply) Correct Answer Coupons Samples and demonstrations Store displays Which of the following are typical objectives of promotion? Which of the following statements about sales estimates is correct? Answer: sales promotion: 3) Which of the following is almost always the measure of effectiveness of a sales promotion? 113. Answer: It comes directly to the customer from the manufacturer. (4) 114. Promotion includes personal selling mass selling and sales promotion Share Reply. a. Express warranties cannot be based on statements made in the seller's promotional materials. D. Sales promotion agencies are being selected and evaluated on the basis of formal reviews. A “10 cents off” coupon promotion. Sales Promotions involves all marketing activities (other than advertising, PR, or personal selling) aimed at stimulating consumer purchasing—usually a short-term tool. The delivery of Goods & Services from producers to their ultimate consumers or users includes many different activities. Multiple Choice. 5) Identify the objective of trade promotions. Which of the following statements about gross profit is correct? Reason: These are advertisements displayed in trade shows to increase the popularity of a product or a company and not a direct example of sales promotion. If the gross profit percentage is 32%, net income would be $3,200. Under the Sales Article of the UCC, which of the following statements is correct regarding the creation of express warranties? Ans. A) Sales promotion is the only promotional element that is not regulated. C.Trade show exhibits. b. 22 INCORRECT Which of the following statements about sales promotion is true? b. These different activities are known as marketing. Market potential is the maximum percentage share of a market that an individual firm within an industry can expect to capture for a specific product. Consumers who take part in sales promotions receive utilitarian, or functional, benefits. c. D.Free samples. Gross profit is recorded by a credit to the Gross Profit account. Answer: sales: 4) Which of the following statements is true about customer promotion? Which of the following is NOT a functional benefit. Which of the following statements is FALSE … C. Sales promotion agencies are being used to develop long and short-term promotional strategies as well as for tactical implementation. Which of the following statements is FALSE? Personal Selling is a paid communication between two people aimed at one person persuading the other to do something. ... None of these answers are correct. B.Point-of-purchase displays. E. All of the above statements about the changing role of sales promotion agencies are true. a. Which of the following is not a step in the strategic planning process? B) A marketer that only uses sales promotions to create customer awareness of its products would be just as effective as one who used all the elements of the marketing mix. Gross profit = Net sales − Cost of goods sold. John Smith. Term. John Smith. Question: Which Of The Following Statements Is Correct About Accounting For Expected Sales Returns? Identify the sales promotions in the list below. A company sells $10,000 of goods. E.A wholly new kind of ad. Answered Jan 19, 2017. Share Reply. Multiple Choice Expected Returns Are Disclosed In The Notes To The Financial Statements, But Journal Entries Are Not Required. Market potential places absolute limits on company sales potential. Which of the following statements is the most correct statement? Answer: C. Trade show exhibits. 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