what is promotional pricing?
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Explanation:
price promotion is a marketing technique wherein the price of a product is kept reduced for a short period to build customer loyalty and swell sales volume, and then increased later on.
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What is promotional pricing?
The act of offering a lower price temporarily in order to enhance the effectiveness of product sales efforts to cost sensitive consumers. For example, many businesses will offer promotional pricing as a sales incentive when initially launching a particular product line to potential consumers.
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