Question

Explain With example the benefits of advertising to producers and consumers

Answer 1

Advertising offers the following advantages.

(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:

Answer 2

Answer:

(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: