Retail Marketing

Leader Pricing
Leader pricing is a strategic reduction in the price of a high-demand product to attract customers to a retail store or to stimulate a direct-mail purchase, potentially inspiring additional full-price purchases. Also known as loss leader pricing.
Retail Display Allowance
A retail display allowance entails a reduction in the amount due from a retailer to a manufacturer in exchange for granting more prominent display space to the manufacturer's products in the retailer's store or on shelf.
Sweepstakes
Sweepstakes are a popular type of sales promotion where lavish prizes are offered to entrants who have only to submit entries with their name and address by return mail or at a location determined by the sweepstakes sponsor, usually in a retail outlet where the sponsor's products are sold.
Trade Advertising
Trade advertising encompasses efforts aimed at wholesalers or retailers to encourage them to purchase products for resale to their customers.

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.