Sweepstakes

Lottery
A contest that requires a purchase to be made in order to qualify for a random drawing. In contrast to sweepstakes, lotteries are considered a form of gambling and are therefore not legal under U.S. Postal Service regulations governing direct mail promotions.
Sales Promotion
Sales promotion encompasses activities, materials, devices, and techniques used to supplement advertising and marketing efforts, coordinating them with personal selling activities to boost product or service sales.
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.

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.