Question: write a marketing research report introduction on the information below: Problem Identification: Consumers spending behavior is strongly influenced by a companys utilization of promotional activities.
write a marketing research report introduction on the information below:
Problem Identification: Consumers spending behavior is strongly influenced by a companys utilization of promotional activities. Customers have a stronger inclination to spend more money during a promotional period due to the latent feeling of saving money by spending more.
Hypothesis 1: Increasing the frequency of sales promotions activities with coupons and BOGO sales will increase the sale and profitability of the organization.
Hypothesis 2: Discount sales have a consistent and predictable positive impact on store profitability. Loyalty programs and contests have a short-term positive impact on sales activities.
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