14. Marketing strategy for big companies should be placed on
offer and discounts, and in what ways this can impact on their reputation
With globalization and rise of industries , the competition to
be the best and on the top of the market has also increased . Companies use
various methods and strategies to compete with each other. One of these
measures is placing offers and discounts on their products. This essay will
discuss the influence of this strategy on its reputation.
To begin with , discounts and offers placed on the products
increase its sales . Many a times people buy products which are not required
only because there is a discount on it. This helps the company to make the
consumers aware of their product in the market. When a product is newly introduced
in the market , a low price is quoted ,
so that the buyers give it a preference over the other known items . Once , the
buyers are familiar with the product and the sales increase , the discounts are
taken off. This is a very lucrative method used by the companies today.
Nevertheless , sometimes these strategies fail. Many times
people doubt the quality of the products with offers . They think that the
materials used to make those items are cheap and low quality and hence do not
buy it although they are available at a very low cost than the other similar
products. Furthermore , people buy these items only till the offers exist and
once the actual price is quoted , they think it is highly priced and hence
avoid buying it . Some consumers have a liking towards a particular company
products and do not buy items from other companies . This results in loss to
those industries which are selling their products with offers and discounts.
To conclude , although offers and discounts increase the sales
of the products , companies should also think of its reputation. They should
also develop other strategies to attract consumers.