Discuss to what extent you agree with the following statements. Advertising helps raise revenue for the firms and provides information to the customers; therefore, expenditures on advertising are justified.

Q: In advertising, a business is not only making consumers aware of the existence of the product and…

A: Income elasticity is a parameter that measures how the demand for a service fluctuates to a change…

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

Q: Advertising and sales promotions are ways of persuading consumers to match demand with products…

A:

Q: Which of the following is NOT an economic function of advertising? a) Facilitating competition b)…

A: Advertising plays an important role in the growth of an economy. Advertisement of a product shares…

Q: Who are our competitors? What are their marketing strategies?

A:

Q: What is the reason that Wholesalers are the most misunderstood of marketing intermediaries?

A: When talking about market intermediaries, wholesalers and retailers play a significant role in the…

Q: n which type of market, monopolistic or competitive market, is the equilibrium market price lower?…

A: In a monopolistic market, at the profit maximization condition, MC=MR and P>MC. This is because…

Q: Which of the following facilitates targeted marketing to specific consumers O Data mining Permission…

A: Permission marketing alludes to a type of publicizing where the target group is given the decision…

Q: In what different ways does Nutrisystem engage in direct marketing?

A: Direct marketing is a process in which business organization deals directly with the customers and…

Q: e the situati

A: Purchasing power of a consumer is the amount of goods and services which could in turn be purchased…

Q: As an entrepreneur, which graph illustrates the ideal brand loyalty you would like to see for your…

A: Brand Loyalty :Brand loyalty refers to a consumer consistently buying the same product or service…

Q: identify customers, differentiate among customers, and interact with customers are A - steps of…

A: The given above steps like , Identify customers Differentiate among customers Interact with…

Q: Which of the following is not ever considered a cost of advertising from society's perspective?…

A: Advertising makes a firm's product a differentiated product for the consumers.

Q: The graph depicts the demand curve before advertising, DO, and the four possible demand curves that…

A: In economics, supply and demand are defined as two fundamental components of any wealth system. They…

Q: Which of the following gives the customers better products that are not offered by other…

A: Marketing: It means promotion and selling of goods and services which include market research and…

Q: When advertising increases brand loyalty for your company's brand, then the company's demand curve…

A: Brand loyalty means that if other new brands enter the market then also I will choose to buy this…

Q: Summarize the six components of a marketing plan.

A: Marketing refers to the phenomenon in which the companies get involved in advertising, and showing…

Q: Discuss how economic forces such as macroeconomic conditions and consumer income affect marketing.

A: Macro economic environment The macro-environment is a broader term that refers to the economic…

Q: Outline the economic factors that affect marketing decisions and consumer buying power.

A: There are many economic factors that affect the marketing decisions of a firm such as unemployment…

Q: O beizenteI

A: Demand is elastic when it is effortlessly impacted by raising or bringing down the cost of an item…