Question

In: Finance

Discuss the types of coupons you have used and those you have rarely used. What prompted...

Discuss the types of coupons you have used and those you have rarely used. What prompted you to use these types of coupons? Do coupons provide real benefits, or are they merely sales and promotion gimmicks?

Solutions

Expert Solution

Types of coupon that I have used are-

A. Buy one get one half off-it will be leading to an extra item that you are paying half price for

B. Buy one get one free - it is the one of the most common type of coupon which will be leading to buy an additional item.

C. Amount discounted from the item total cost and it will be leading to getting a coupon and it would be a straightforward type of coupon

Coupons that I have rarely used are coupon for members, or getting an item free, or Rebate discounts.

I been prompted by various types of discounting and free items to use this items because that would be leading to saving of a lot of money and this should be leading to to getting the products at a cheaper price.

Yes, I think these coupons are providing the real benefits and they are also making sales and promotional gimmicks because these coupons can lead to real savings at times and most of the time they will be trying to lure various customers in order to buy something that customer does not really need,so they will be trying to selling out their items.

Hence, these coupons are very effective in order to attract the customers from a business perspective and it is also attractive from customer points of view because they are getting items at a cheaper price.


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