Question

Rohan uses independence and advertising to grow his business.
identify and explain the concept ​

Answer 1

Explanation:

ADVANTAGES OF ADVERTISING

(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:

oligopoly

Explanation:

oligopoly market where there are a few sellers ( firms) in the market producing either a homogenous product or a differentiated product