promotion
US /prəˈmoʊ.ʃən/
UK /prəˈmoʊ.ʃən/

1.
the publicizing of a product, organization, or venture so as to increase sales or public awareness.
:
•
The company launched a new promotion for their latest smartphone.
•
They are running a special promotion this week.
2.
the action of raising someone to a higher position or rank or the fact of being so raised.
:
•
She received a promotion to senior manager.
•
His hard work led to a quick promotion.