The goal of promotion is to inform and remind people in a target market about specific products, eventually persuading them to participate in an exchange.
Explanation:
Promotion implies any kind of strategic contact for educating or telling target audiences about the relative value of a product, service, trademark or problem. Promoting aims at increasing awareness, generating interest, stimulating revenue and brand loyalty.
Promotion is among the promotional mix or program items. Those include commercial purchases, ads, product promotions, digital marketing, exhibition marketing, displays and trade shows. A promotional schedule specifies the volume and the percentage of the budget that will be assigned to the individual items in the promotional mix.
In marketing, the act of any type of marketing communication done to broadcast to the audience about the merits of service, products, or a brand is termed as a promotion.
The correct statement can be written as:
The goal of promotion is to inform and remind people in a target market about specific products, eventually persuading them to participate in an exchange.
Promotion is described as:
Thus, the correct answer is promotion.
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