Question

Question 23 :
Expenses on trade fair are treated as?​

Answer 1

Answer:

The initial cost of renting a booth and the expenses  costs are very small compared to the amount the company spends as part of its advertising or marketing strategy.

Explanation:

Trade Show is considered  by the organization to be a cost-effective advertising strategy because the initial cost of renting a booth and the associated costs are very small compared to the amount the company spends as part of its advertising or marketing strategy.  

Fair is one of the best platforms for creating brand awareness, loyalty and credibility in the market. This will increase your organization's sales and generate more meaningful revenue.

Fair is a great place to showcase new products and services. Representatives from various companies visit these locations to  learn about new brands, new products, and of course, unique solutions  recently launched.

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Answer 2

1. The organisation considers trade fair to be a cost-effective advertising strategy because the initial cost of renting a booth and the associated costs are very small in comparison to the amount the company spends on advertising or marketing.
2. Trade Fair is one of the best platforms in the market for increasing brand awareness, loyalty, and credibility.
3. This will increase your company's sales and generate more significant revenue.
4. A fair is an excellent venue for introducing new products and services.
5. Representatives from a variety of companies visit these locations to learn about new brands, new products, and, of course, novel solutions that have recently been introduced.
6. The initial cost of renting a booth and the associated expenses are negligible in comparison to the amount spent by the company as a whole.
7. Hence, expenses on trade fair are treated as a cost-effective promotional strategy.

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