Questions

Ulaanbaatar is the capital of Mongolia

Galloping inflation is also known as jumping inflation.

It refers to a type of inflation that occurs when the prices of goods and services increase at the two-digit or three-digit rate per annum.

We can say that sales promotion is a cost effective technique by which an organisation can achieve its sales volume or the marketing objectives by providing value added product and not just an ordinary product to the end user or even the intermediaries. It is short term by nature and is suitable enough for generating sales within a short span of time. Sales promotion techniques are being increasingly used by retailing organisations some of which include advertising, providing discounts and allowances or a 'buy one get one free offer' etc.