Predicting Premium Proneness
Gerard P. Prendergast and Alex S. L. TsangHong Kong Baptist University
Derek T. Y. PoonHong Kong Productivity Council
Ting Yan FanInternational Coins (HK) Ltd
INTRODUCTION
Sales promotion represents an important component of the marketing communications mix. Sales promotion tools are useful at all stages of the product life cycle, from encouraging trial to inducing brand switching to maintaining loyalty. They can also offer a quick surge in sales for marketing managers whose performance may be judged on whether or not they have achieved a sales increase within a short period of time....