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Money spent on advertisment is not a waste but an investment.Do you agree?give reason
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Most Upvoted Answer
Money spent on advertisment is not a waste but an investment.Do you ag...
This statement is supported by several reasons that are discussed below:

Increased Brand Awareness


Advertisements enable businesses to reach out to a wider audience and create brand awareness. By investing in ads, businesses can expose their brand to potential customers who may not have been aware of their existence otherwise. This increased brand awareness can lead to increased sales and profits for the business.


Targeted Marketing


Advertisements can be targeted to specific audiences based on demographics, interests, and behaviors. This ensures that the ad is being seen by the people who are most likely to be interested in the product or service being offered. Targeted marketing can lead to higher conversion rates and a better return on investment for the business.


Competitive Advantage


Businesses that invest in advertisement have a competitive advantage over those that do not. They are able to reach out to potential customers before their competitors, which can lead to increased brand loyalty and customer retention. This competitive advantage can help businesses to stay ahead of the curve and remain relevant in their industry.


Measurable Results


Advertisement campaigns can be tracked and analyzed to measure their effectiveness. By monitoring metrics such as click-through rates, conversion rates, and return on investment, businesses can determine which ads are performing well and adjust their strategy accordingly. This ensures that the business is getting the most out of their investment in advertising.


Conclusion


All in all, money spent on advertisement is not a waste but rather an investment that can yield significant benefits for businesses. By increasing brand awareness, targeting marketing efforts, gaining a competitive advantage, and tracking measurable results, businesses can ensure that they are getting the most out of their advertising budget.
Community Answer
Money spent on advertisment is not a waste but an investment.Do you ag...
The statement that advertisement is unnecessary nd wasteful is only partially correct .This can be clear from the objections of advertisement
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The Parliament passed the Consumer Protection Act, 2019, which promises to strengthen the rights of consumers and provides a mechanism for redressal of complaints regarding defects in goods and deficiency in services.Union Food and Consumer Affairs Minister stressed that the overall purpose of the legislation was to ease the process of addressing grievances of consumers.TheAct also seeks to bring in e-commerce under their jurisdiction and hold celebrities accountable for false and misleading advertisements of products that they endorse.The Act proposed strict action against the advertiser in case of misleading advertisements but not against the media through which the advertisement is being publicised. It also provides for product liability action on account of harm caused to consumers due to defective products or deficient services.Product liability means the liability of a product manufacturer, service provider or seller to compensate a consumer for any harm or injury caused by a defective good or deficient service.Under the Act, a consumer is defined as a person who buys any good or avails a service for a consideration.It does not include a person who obtains a good for resale or a good or service for commercial purpose. It covers transactions through all modes including offline, and online through electronic means, teleshopping, multilevel marketing or direct selling. Only a consumer can bring an action under the Act. Certain consumer rights have been defined in the Act, including the right to: (i) be protected against marketing of goods and services which are hazardous to life and property; (ii) be informed of the quality, quantity, potency, purity, standard and price of goods or services; (iii) be assured of access to a variety of goods or services at competitive prices; and (iv) seek redressal against unfair or restrictive trade practices.The central government will set up a Central Consumer Protection Authority (CCP

The Parliament passed the Consumer Protection Act, 2019, which promises to strengthen the rights of consumers and provides a mechanism for redressal of complaints regarding defects in goods and deficiency in services.Union Food and Consumer Affairs Minister stressed that the overall purpose of the legislation was to ease the process of addressing grievances of consumers.TheAct also seeks to bring in e-commerce under their jurisdiction and hold celebrities accountable for false and misleading advertisements of products that they endorse.The Act proposed strict action against the advertiser in case of misleading advertisements but not against the media through which the advertisement is being publicised. It also provides for product liability action on account of harm caused to consumers due to defective products or deficient services.Product liability means the liability of a product manufacturer, service provider or seller to compensate a consumer for any harm or injury caused by a defective good or deficient service.Under the Act, a consumer is defined as a person who buys any good or avails a service for a consideration.It does not include a person who obtains a good for resale or a good or service for commercial purpose. It covers transactions through all modes including offline, and online through electronic means, teleshopping, multilevel marketing or direct selling. Only a consumer can bring an action under the Act. Certain consumer rights have been defined in the Act, including the right to: (i) be protected against marketing of goods and services which are hazardous to life and property; (ii) be informed of the quality, quantity, potency, purity, standard and price of goods or services; (iii) be assured of access to a variety of goods or services at competitive prices; and (iv) seek redressal against unfair or restrictive trade practices.The central government will set up a Central Consumer Protection Authority (CCP

Money spent on advertisment is not a waste but an investment.Do you agree?give reason
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Money spent on advertisment is not a waste but an investment.Do you agree?give reason for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Money spent on advertisment is not a waste but an investment.Do you agree?give reason covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Money spent on advertisment is not a waste but an investment.Do you agree?give reason.
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