Sales
promotion has become an effective marketing tool that assists organizations to
wax stronger in a global competitive environment. Oyedapo(2012) identified
sales promotion as a key ingredient in marketing campaigns which assist
organizations to achieve its objectives. The main aim of any organization is to
maximize profit, have largest market shares and to become leaders in a market
competitive environment. Okoli (2011) confirmed that the essence of setting up
a business organization is to make profit. Sales promotion simply exists to
have a direct impact on the behavior of the firm’s customers (Blatberg and
Neslin,1990). Aworemi (2008) in his research finding said that sales promotion
plays a significant effect on sales volume which helps in achieving the
organizational objectives. The role of sales promotion in achieving
organizational stated objectives cannot be underestimated.
Marketing
is a practical discipline that focuses on the customer and his profitable
satisfaction. Marketing is the arm of business that embraces the identification
of the consumer needs and profitable configuration and allocation of human and
material resources not only to satisfy the identified needs, but also to
achieve the profitable goals of the enterprise. To do this, goods are produced
and brought to the knowledge of the target market. It therefore becomes
imperative to advice some promotional strategies and harness some
communicational tools not only to motivate the responsive chord of the target
market but also to sustain their buying pattern, especially to attract
preference both to the company and its producers (Boniface et al, 2007, Ayanwu
2003, Inyanga, 2004).
The
essence of sales promotion is to achieve a positive shift of the “market demand
curve of the enterprise from left to right (Njoku, 2002). And one of the
promotional tools to use, especially with reference to Nigeria Brewery Plc is
sales promotion, more importantly when personal selling and advertising have
performed their roles are “promotional forerunners” in the marketing
environment (Boniface et al, 2007).
The
essence of the use of sales promotion in an organization is to facilitate its
complementary role in the functioning of the other promotional elements namely
personal selling, advertising, publicity, public relation, direct and data base
marketing among others. This is because it is extremely difficult to measure
the categorical (individual) impact of a single promotional tool like sales
promotion in the company’s promotional strategy in actualizing both
communication effects, and sales effects due to the reason of ‘’Communication
carry over and promotional spillovers in the competitive market (Inyanga,
2004).Be it as it may, the interest of this research is to investigate into the
roles of sales promotion on the profitability of an organization.
CHIMBO, 2 (2020). The effects of sales promotion on profitability in the brewing industry in Enugu State. Mouau.afribary.org: Retrieved Nov 13, 2024, from https://repository.mouau.edu.ng/work/view/the-effects-of-sales-promotion-on-profitability-in-the-brewing-industry-in-enugu-state
23099, CHIMBO. "The effects of sales promotion on profitability in the brewing industry in Enugu State" Mouau.afribary.org. Mouau.afribary.org, 03 Jun. 2020, https://repository.mouau.edu.ng/work/view/the-effects-of-sales-promotion-on-profitability-in-the-brewing-industry-in-enugu-state. Accessed 13 Nov. 2024.
23099, CHIMBO. "The effects of sales promotion on profitability in the brewing industry in Enugu State". Mouau.afribary.org, Mouau.afribary.org, 03 Jun. 2020. Web. 13 Nov. 2024. < https://repository.mouau.edu.ng/work/view/the-effects-of-sales-promotion-on-profitability-in-the-brewing-industry-in-enugu-state >.
23099, CHIMBO. "The effects of sales promotion on profitability in the brewing industry in Enugu State" Mouau.afribary.org (2020). Accessed 13 Nov. 2024. https://repository.mouau.edu.ng/work/view/the-effects-of-sales-promotion-on-profitability-in-the-brewing-industry-in-enugu-state