IMPACT OF SALES PROMOTION ON CONSUMER BEHAVIOR

The retail market in the Republic of Srpska is one of the fastest growing markets in the last twenty years. And, this is not the case only in the Republic of Srpska and the environment, but also around the world. If so, we are easily convinced by the growth of chains of markets, megamarkets, shoppin...

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Main Authors: Mladen Milić, Aleksandar Gračanac
Format: Article
Language:English
Published: University PIM Banja Luka 2019-05-01
Series:STED Journal
Subjects:
Online Access:https://stedj-univerzitetpim.com/wp-content/uploads/2019/05/7STEDJ-1-19_stru%C4%8Dni-rad_E.pdf
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author Mladen Milić
Aleksandar Gračanac
author_facet Mladen Milić
Aleksandar Gračanac
author_sort Mladen Milić
collection DOAJ
description The retail market in the Republic of Srpska is one of the fastest growing markets in the last twenty years. And, this is not the case only in the Republic of Srpska and the environment, but also around the world. If so, we are easily convinced by the growth of chains of markets, megamarkets, shopping malls and other specialized retail outlets. It is much easier to achieve growth in the market, and thus business success than maintaining competitiveness in an extremely exploding and relatively well-supplied market, such as the retail market of the Republic of Srpska. One way of retaining competitiveness and simultaneous growth is to improve sales by selling various instruments to stimulate consumers to buy products from a wide range of their own offers. The aim of this research is to determine how and how sales promotion affects consumers’ behavior in purchasing. The entire research is based on confirming hypotheses, and the results obtained can be used in further research and demonstrating how sales promotion instruments affect consumer behavior.
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spelling doaj.art-ae66b15174624964970d39b2229b11a12024-02-02T17:02:27ZengUniversity PIM Banja LukaSTED Journal2637-21502637-26142019-05-0111556410.7251/STED1901055MIMPACT OF SALES PROMOTION ON CONSUMER BEHAVIORMladen Milić0Aleksandar Gračanac1University PIM, Faculty of Economics, Banja Luka, Bosnia and HerzegovinaSerbian Chamber of Commerce, Belgrade, Serbia.The retail market in the Republic of Srpska is one of the fastest growing markets in the last twenty years. And, this is not the case only in the Republic of Srpska and the environment, but also around the world. If so, we are easily convinced by the growth of chains of markets, megamarkets, shopping malls and other specialized retail outlets. It is much easier to achieve growth in the market, and thus business success than maintaining competitiveness in an extremely exploding and relatively well-supplied market, such as the retail market of the Republic of Srpska. One way of retaining competitiveness and simultaneous growth is to improve sales by selling various instruments to stimulate consumers to buy products from a wide range of their own offers. The aim of this research is to determine how and how sales promotion affects consumers’ behavior in purchasing. The entire research is based on confirming hypotheses, and the results obtained can be used in further research and demonstrating how sales promotion instruments affect consumer behavior.https://stedj-univerzitetpim.com/wp-content/uploads/2019/05/7STEDJ-1-19_stru%C4%8Dni-rad_E.pdfsalesmarketmarketingcouponfree samplegiftdiscountconsumer behavior
spellingShingle Mladen Milić
Aleksandar Gračanac
IMPACT OF SALES PROMOTION ON CONSUMER BEHAVIOR
STED Journal
sales
market
marketing
coupon
free sample
gift
discount
consumer behavior
title IMPACT OF SALES PROMOTION ON CONSUMER BEHAVIOR
title_full IMPACT OF SALES PROMOTION ON CONSUMER BEHAVIOR
title_fullStr IMPACT OF SALES PROMOTION ON CONSUMER BEHAVIOR
title_full_unstemmed IMPACT OF SALES PROMOTION ON CONSUMER BEHAVIOR
title_short IMPACT OF SALES PROMOTION ON CONSUMER BEHAVIOR
title_sort impact of sales promotion on consumer behavior
topic sales
market
marketing
coupon
free sample
gift
discount
consumer behavior
url https://stedj-univerzitetpim.com/wp-content/uploads/2019/05/7STEDJ-1-19_stru%C4%8Dni-rad_E.pdf
work_keys_str_mv AT mladenmilic impactofsalespromotiononconsumerbehavior
AT aleksandargracanac impactofsalespromotiononconsumerbehavior