Introduction to Business Studies

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Marketing Mix (Promotion Strategy)
ASDA is the largest British multinational superstore
chain in UK that is related to lifestyle and retail
industry. In this company can highly emphasis on
attracting the customers for their manager of the
company can involve in several strategies so that high
revenues can be gained by organisation.
In this firm will highly focus on the promotional
strategies within the elements of marketing mix. As
promotion is one of the trending elements within
today’s business world because due to this high base
of customers are attracted and retain with the
organization for a longer period of time.
The element of promotional strategy is very helpful
for connecting within the customers so that high
competitive advantage can be gained out. in case of
ASDA they can adopts the several promotional
strategies so that they can gain high profits in this
offering several discounts, sale, rebate can be given to
customers on the goods and product so that base of
customers is enhanced in small period of time. In this
social media tool is also effective because it will
create awareness in the society regarding the
specifications of profits and services so that new
customers are attracted and existing one are become
loyal. In this ASDA can adopts the use of several
social media apps like Facebook, Twitter, You tube
etc. where millions of people are active that helps the
company to maximize their sales and revenues.
At the time of using promotional strategies company
can focus on the expenses they incur. in this they
highly focus on maximizing the cash flow and
reducing the cost of the firm so that high profits
margin can be gained in the competitive market. In
this company can include the celebrity in their
promotional strategy so that gaining the customer
attention is very effective and efficient.