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[Music] its that moment of the year when great deals can be done its sales time 40 50 sometimes even 70 off lets admit it price promotions are pretty cool for consumers arent they but are they honestly profitable for brands do they positively affect brand preference do they generally facilitate recruitment and retention of customers or are we just looking at artificial or mechanical growth devices in todays webinar well explain the neuroscience principles of how price promotions affect brand appeal preference and loyalty now imagine youre shopping for a polo shirt and as always youre looking for your preferred la cost brand youve been buying it for years now but its sales period and ralph lauren are offering the same polo shirt at a cup price of minus 30 which one do you buy theyre both made with the same textiles they both have the same cut and the same quality you know they both satisfy the same functional goals but deep down you also know that a cost satisfies some other
