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Buy a product get one free
Good because it will persuade people to buy a product for the value for money.
People might not want to buy it at normal price as they make think its twice as expensive.

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if u buy a product you might get a free item which is a positive

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Free gifts help to increase public attraction, it may persuade consumers to purchase from a particular business.

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a deduction from the usual cost of something. :)

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- higher quality at thesame price .
- differentiation
- increases efficiency.

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This deal is used to offer customers extra value and may encourage them to buy more or to choose one business or product over another.

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ATTRACT CUSTOMERS

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- Good way to get customers to switch from their brand
-encourages trial and use of products

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buy one get one free or BOGOF is when a business advertises their product by offering to give the customer the same product again for free if they purchase the product

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- better response from customers.
-more profit/sales
-Clearing out inventory while profiting.

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the activity or condition of striving to gain or win something by defeating or establishing superiority over others through quality, price etc

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makes the business get attention as many people will want to buy.
Can attract customers

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Giving someone a free product
If they like the product they may come back and buy it again.

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They are designed to encourage repeat business and offer something for the customer in return

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Discounts are a great way to get consumers to invest into your business, it may even help to result in more sales of a product, than producing a product full price.

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-makes it easy to keep track of the inventory your store has
-better customer management
ease of use

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point of sale is when stores have posters so it is crowded

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buy one get one free is a sales promotion technique
it is good as it will make people more attracted to the product
a negative is the company will lose out on money

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Encourages customers to buy that product over another

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point of sale advertising is when a company advertise where they are going to make the sale in a shop

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having a lower price gives you the upper hand once facing competitors'

positive's include: more customers, increase  in profit,

negatives include: if you were to have the worse product you'd decrease in customers/sales

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A customer loyalty program is an e-commerce marketing strategy that rewards loyal customers who frequently engage with a brand. Customer loyalty programs are designed to incentivize repeat purchases by providing its members' discounts, unique offers, VIP events, and more.

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-Better Customer Management
-better customer satisfaction / loyalty

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Buy one get one free is when a business will allow you to buy a product then get another one of the same product for free.
A positive of BOGOF is that it attracts a lot more people as they get two products for the price of one. It might especially appeal to low income consumers.
A negative would be that the business would get less profit from the amount of product.
A real world example would coca cola

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- helps customers want to try the product and gives them a chance to test out a brand.

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-ATRACTS AND REPEATS CUSTOMERS
-FREE UP SPACE IN YOUR STORE

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Giving someone a free product
If they are impressed with the product they may come back to buy it

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Positives
-encourages trial and use
-very popular
-good way for customers to switch brands

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free gifts attract new customers however it may lead to a decrease in profit if not done appropriately.

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- increase traffic and improve sales.
-help retain customers

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Loss of profit because there is an increase in costs. This will not be balance by the increase in sales.

Only useful in the short term.

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It costs businesses a lot of money.

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-Loyalty card programs can help retain customers
-stop competing on price with competitiors

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By giving away a free product to a potential customer, you hope they'll buy something from your company in return