explain with an example the benefit of advertising to producers and consumers
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The major advantages of advertising are: (1) introduces a new product in the market, (2) expansion of the market, (3) increased sales, (4) fights competition, (5) enhances good-will, (6) educates the consumers, (7) elimination of middlemen, (8) better quality products, (9) supports the salesmanship
What are the Main Advantages of Advertising to the Customers?
(1) Reduction in Prices: Advertising stimulates demand; production is on large-scale and cost of production per unit falls. ...
(2) Knowledge of Various Products: People come to know about different kinds of products by means of advertising. ...
(3) No fear of Exploitation: ADVERTISEMENTS: ...
(4) Improved Quality Product:
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