Marketing Strategies

Couponing
Couponing is an advertising method where vouchers are distributed to consumers allowing discounts on merchandise or service purchased within a stated period of time. Couponing provides an incentive for increasing sales.
Market Research
Market research involves exploring the size, characteristics, and potential of a market to identify consumer needs and preferences, usually before developing a new product or service.
Market Test
A market test is the exposure of goods or services to a small sample of the entire market to test various marketing strategies. This helps in evaluating the potential demand for a product before a full-scale launch.
Specialty Advertising
Specialty advertising utilizes advertising novelties such as buttons, bumper stickers, and balloons with writing as mediums to convey promotional messages. This form of advertising aims to create a lasting impression through tangible items.
Tactic
A tactic is a short-term method or plan employed to achieve a specific objective or resolve a particular problem, often within a larger strategic framework.
Trial Buyer
In the context of commerce, a trial buyer is an individual or entity who participates in a trial offer, allowing them to test a product or service before fully committing to a purchase. This strategy is often used to attract potential customers by lowering their initial investment risk.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.