scispace - formally typeset
Open AccessPosted Content

How Promotions Work

Reads0
Chats0
TLDR
In this paper, an overview of the research and findings from the sales promotion literature is presented, which is intended to offer direction for future research in the area of sales promotion, as well as important sales promotion topics that have not yet been studied.
Abstract
By synthesizing findings across the sales promotion literature, this article helps the reader understand how promotions work. We identify and explain empirical generalizations related to sales promotion; that is, effects that have been found consistently in multiple studies involving different researchers. We also identify issues which have generated conflicting findings in the research, as well as important sales promotion topics that have not yet been studied. This overview of the research and findings from the sales promotion literature is intended to offer direction for future research in the area.

read more

Citations
More filters
Journal ArticleDOI

Deeply discounted medications: Implications of generic prescription drug wars

TL;DR: Although DDM programs lower drug costs for many patients, DDM formularies include potentially ineffective or harmful medications, have the potential to influence physician prescribing behavior, and may impair pharmacists' ability to review complete drug-dispensing records.
Journal ArticleDOI

Relational Price Discounts: Consumers’ Metacognitions and Nonlinear Effects of Initial Discounts on Customer Retention:

TL;DR: In this article, the authors explored nonlinear effects of initial discounts on customer retention and found that moderate initial discounts (5% to 35%) have positive effects on customer lifetime, whereas low discounts (1% to 5% ) have negative effects.
Book ChapterDOI

Shopper Marketing 2.0: Opportunities and Challenges

TL;DR: Shopper marketing describes the planning and execution of all marketing activities that influence a shopper along the path-to-purchase, from shopping trigger to purchase, consumption, repurchase, and recommendation stages as discussed by the authors.
Journal ArticleDOI

Advertising and Firm Risk: A Study of the Restaurant Industry

TL;DR: In this paper, the authors examined the impacts of advertising expenditures on firm equity risk with publicly listed firms in the restaurant industry and found that an increase in advertising expenditures significantly increased total and unsystematic risk of sampled restaurant firms.
Journal ArticleDOI

Why are Consumers Less Loss Averse in Internal than External Reference Prices

TL;DR: In this paper, two empirical regularities in pricing cause that consumers tend to observe few losses for external reference price and many losses for internal reference price, making them less sensitive to internal than external losses.
References
More filters
Posted Content

A Probabilistic Choice Model for Market Segmentation and Elasticity Structure

TL;DR: This paper proposed a flexible choice model that partitions the market into consumer segments differing in both brand preference and price sensitivity, and applied it in a study of competition between national brands and private labels in one product category.
Journal ArticleDOI

Impact of Sales Promotions on when, what, and how Much to Buy:

TL;DR: In this paper, the effectiveness of a sales promotion can be examined by decomposing the sales "bump" during the promotion period into sales increase due to brand switching, purchase time acceleration, and stockp...
Posted Content

Modeling Loss Aversion and Reference Dependence Effects on Brand Choice

TL;DR: This article developed a multinomial logit formulation of a reference-dependent choice model, calibrating it using scanner data, and found that consumers weigh losses from a reference point more than equivalent sized gains (loss aversion).
Journal ArticleDOI

Reference Effects of Price and Promotion on Brand Choice Behavior

TL;DR: When consumers are exposed to pricing and promotional activity by frequently purchased packaged goods, they may develop expectations that are used as points of reference in evaluating future activi... as discussed by the authors,.
Journal ArticleDOI

An Empirical Analysis of Internal and External Reference Prices Using Scanner Data

TL;DR: In this article, single-source yogurt data are used to examine whether both internal and external reference prices affect purchase decisions, and both types of variables have significant effects on purchase probabilities.
Related Papers (5)