answersLogoWhite

0


Best Answer

A company would give out promotion codes to customers for a product in order to increase market share. As the best marketing tool is word of mouth, promotion codes will please customers who would then tell their acquaintances about the experience.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are some reasons that a company would have for giving out a promotion code for a product?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Marketing

What is a sentence for the word promote?

The promotion is nice, but it means working a lot more hours. As a special promotion, they're giving away free samples at the grocery store. The network ran promotions for the new series during the super bowl. Dad took the whole family out to dinner to celebrate his promotion at work. She's an exemplary employee who deserves the promotion. He'll never get the promotion because those in upper management despise him. She's always kissing up to the boss hoping for a raise and a promotion.


What are the essential differences between Sales promotion and Advertising?

Sales promotions are quite vigorous and may involve giving incentives like discounts or bonuses. Advertising on the other hand simply involves getting the word out and may take a longer period of time when compared to a sales promotion.


How does a product develop into a brand and what is advantage of creating a brand?

A product is developed into a brand by giving the product a certain personality that consumers can use to identify it. Creating a brand allows the product to be associated with certain traits. It also makes the product easy to remember for the consumer.


How can a company stop giving you discount?

They have that right to stop giving discounts, unless its a discount store, at that point the prices should already be discounted.


What is the difference between product and promotional strategy?

Promotional strategy is the process in how you promote the product like giving away promotional items. The products are the items that you hand out to people.

Related questions

How do you commercialize new product?

A new product can be commercialized through advertisement or promotion. You can do this by word of mouth, through the internet, and giving out free samples to potential clients.


What is the achievement of Sale Assistant?

giving better ideas for sales promotion and it results in increase in sales and improves name of the company is the achivement of the sales assistant


Can a pvt ltd company having agreement with employee hold salary without giving reasons for the same?

no


How do you do events in Pokemon?

Usually, you have to go to the store that is giving off a promotion, bring your Pokemon game and DS, and give it to the guy giving the promotion. That's how I got a Lvl. 5 Jirachi on Platinum Version =D


It has been said thatthe company can either protect its networth or its gearing ratio but not both from flactuating exchange rates comment on the above giving reasons?

please help, what is net worth or gearing ratio of a company


Difference between advertising and promotion?

ADVERTISINGSALES PROMOTIONBy using a variety of persuasive appeals, it offers reasons to buy a product or service.Eg: Good Network, Promises and Delivers.Besides giving reasons in the form of different appeals, they offer incentive to the consumers to buy the product or service now.For new users, 1HUTCH no is given free for 1 month & sms is free for 3 months.Appeals are emotional or functional in nature.Eg: the current ad of "Wherever you go, our network follows"Appeals are rationalIt justifies whatever it says.Time-frame is long term.Time frame is short term.The primary objective is to create an enduringbrand image.To get sales quickly or to induce trial.Indirect and subtle approach towards persuading customers to buy a product or service.Direct in approach to induce consumers to buy a product or service immediately by temporarily changing the existing price-value relationship of the product or service.


What are the primary reasons that companies hold cash?

A company holding too much cash would be giving up the opportunity to invest more in income producing assets.


About jai hind company which has develop electrical scooter that was giving good response but now cant be NO1 for analyze the possible as for product failure so what improvment can don?

Please tell me about jai hind company which has develop electrical scotter that was giving good response but now cant be NO.1 for analyse the possible as for product failure so what improvment can done in the product give 3 suitable suggesstion for marketing strategies. thank u regards mohinkhan sky_white82@yahoo.in


What are the reasons for giving children's literature to children?

In a poem


What is Product Differentiation?

Product differentiation is when a company tries to create a different appeal to a product that exists among other competitors. This process of creating a marketable difference can increase the premium of a price while giving the customer the satisfaction of value. With cars it can be safety and performance. With foods it can be health benefits or quality.


What is the difference between traditional based costing and target costing?

Traditional Cost Accounting System: In this system company first produce the product and then determine the cost of production and then try to sell that product at price covering that cost plus certain percentage of markup on cost.Target Costing: In this system first of all company determines the value of product in the eyes of customer that is how much a customer is willing to pay for the product and then if cost of production of that product is more then the customer willing to pay then company makes analysis of how they can reduce the cost of production to the level of cost a customer willing to pay by reducing the components of product which is costing towards final price but not giving any value to customer and in this way company tries to acheive the target cost customer willing to pay.


What motivated you to apply for this role?

Stating that the person's skills and abilities will be a good fit for the position and giving examples that state how would be a good way to answer this question. Also stating reasons why they believe the company would be a good company to work for would be good.