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Officeworks changed its slogan in August 2012 to "Big Ideas. Lowest prices". Under the new advertising campaign, commercials focussed on store prices being checked "twice daily", and slogans such as "we buy in bulk, so you get the lowest prices" were used. [10] Officeworks also began offering free Wi-Fi access in all stores. [11]
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
A promotional bottle of water from Porsche of Ocala in Ocala, Florida. Sales of the US promotional products industry totaled $24 billion in 2017 and growing at a rate of 2.5 percent since 2012, according to statistics released by IBISWorld. [7] There are 26,413 business in this category and they employ 392,820 people across the United States. [7]
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Myron Corp. (Myron) was founded by Mike and Elaine Adler in 1949. After purchasing a sewing machine and one heat-sealing device, the Adlers started what is now a thriving mail-order business. Originally, Myron specialized in the imprinting and personalization of pocket calendars, pens, and a variety of business gifts.
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