THE IMPACT OF PROMOTIONS ON CONSUMER BEHAVIOR

Promotions are a fundamental strategy in marketing, having a significant impact on consumer behavior and purchasing decisions. This article examines how different types of promotions—including markdowns, special offers, loyalty campaigns, and seasonal promotions—influence consumer choices, driving both impulse purchases and brand loyalty. We will explore the psychological reasons behind the attraction to promotions, such as the perceived value and sense of urgency generated by limited-time offers, and discuss the short- and long-term effects on purchasing behavior. In addition, the article will address the role of technology in promoting offers, highlighting how online and social media platforms facilitate consumers' access to information about promotions and their impact on purchase decisions. By integrating industry examples and case studies, we will emphasize the importance of promotions in marketing strategies and in building lasting relationships with consumers, thus demonstrating that promotions are essential not only for increasing sales, but also for maintaining relevance in an increasingly more competitive.

Publication Details

Journal
RePEc: Research Papers in Economics
Published
2024-12-01
Primary Topic
Female Genital Mutilation/Cutting Issues
Type
article
Field-Weighted Citation Impact
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article

THE IMPACT OF PROMOTIONS ON CONSUMER BEHAVIOR

RePEc: Research Papers in Economics
Female Genital Mutilation/Cutting Issues
article

THE IMPACT OF PROMOTIONS ON CONSUMER BEHAVIOR

article en

Abstract

Promotions are a fundamental strategy in marketing, having a significant impact on consumer behavior and purchasing decisions. This article examines how different types of promotions—including markdowns, special offers, loyalty campaigns, and seasonal promotions—influence consumer choices, driving both impulse purchases and brand loyalty. We will explore the psychological reasons behind the attraction to promotions, such as the perceived value and sense of urgency generated by limited-time offers, and discuss the short- and long-term effects on purchasing behavior. In addition, the article will address the role of technology in promoting offers, highlighting how online and social media platforms facilitate consumers' access to information about promotions and their impact on purchase decisions. By integrating industry examples and case studies, we will emphasize the importance of promotions in marketing strategies and in building lasting relationships with consumers, thus demonstrating that promotions are essential not only for increasing sales, but also for maintaining relevance in an increasingly more competitive.

RePEc: Research Papers in Economics
Openalex Percentile: Top 41%
Female Genital Mutilation/Cutting Issues
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THE IMPACT OF PROMOTIONS ON CONSUMER BEHAVIOR · RePEc: Research Papers in Economics (2024) | TGRS Research Map | TGRS