19th September 2018

businessdictionary
11

What is the promotion policy?

A set of rules and guidelines set forth by a company or organization that outlines how employees are to interact with potential customers in the promotion of a good or service.

Considering this, why is promotion so important?

Promotional strategies and marketing go hand in hand. Marketing your brand or product will include different aspects of manufacturing, promoting and selling products to the customers. Promotion is a key element in putting across the benefits of your product or service to the customers.

Why do we promote employees?

Promotion or career advancement is a process through which an employee of a company is given a higher share of duties, a higher pay-scale or both. It boosts the morale of promoted employees, increases their productivity and hence improves upon the overall profits earned by the organization.

What is promotion in the workplace?

The advancement of an employee within a company position or job tasks. A job promotion may be the result of an employee's proactive pursuit of a higher ranking or as a reward by employers for good performance. Typically is also associated with a higher rate of pay or financial bonus.
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