Money spent on advertisement is a waste. Do you agree with the statement. Comment.?

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Answer

Money spent on advertisement is a waste. Do you agree with the statement?

No, I do not agree with the statement that money spent on advertisement is a waste. Advertising is an essential part of any business as it helps to create brand awareness, increase sales, and attract new customers. In today's competitive market, advertising is more important than ever, and without it, companies may struggle to survive.

Reasons why advertisement is not a waste of money:

Brand Awareness: Advertising helps to create brand awareness among potential customers. Through advertisements, companies can showcase their products or services to a wider audience, and this can help to increase their customer base.

Increased Sales: Advertising can help to increase sales by promoting products or services to potential customers. This can lead to an increase in revenue and help companies to grow their business.

Attract New Customers: Advertising can help to attract new customers who may not have been aware of the product or service before. This can help to increase the customer base and create loyal customers.

Competitive Advantage: Advertising can give companies a competitive advantage over their competitors. By promoting their products or services, companies can differentiate themselves from their competitors and attract more customers.

Long-term Benefits: Advertising can have long-term benefits for a company. By creating brand awareness and attracting new customers, companies can establish themselves as a trusted brand in the market.

Conclusion:

Advertising is not a waste of money, and it is an essential part of any business. Companies need to invest in advertising to create brand awareness, increase sales, and attract new customers. Without advertising, companies may struggle to survive in today's competitive market.

Answer

No not always bcoz sometimes it helps the firm earn more popularity and get a good exposure towards the real world entity it even gives an alarm to the consumers about the firm hope you agree with this !!??

Answer

1. Adds to Cost:The opponents of advertising argue that advertising unnecessarily adds to cost of product, which passes on to the buyers in the form of high price. However, on the other hand, proponents claim that advertising helps to increase the demand of the product.An increase in production leads to large scale production which ultimately helps in reducing cost due to economies of scale and thus, the price of the product.2. Undermines Social Wallies:Advertising causes discontentment among the customers and promote materialism, as they come to know about newer and better products available in the market.But, the objections are not entirely true because advertisements help the buyers by informing them about the new products over the existing ones. If they are not informed, they may be using inefficient products.3. Confuses the Buyers:The opponents say that so many advertisements make similar claims and the buyer gets confused as to which one is true and can be relied upon. It may create a state of confusion as to which product he should buy in the market.However, the criticisms are not true as we know that - consumers are rational human beings, who can take their decisions considering various aspects of a product. He can use his wisdom along with information provided by advertisements to make the right choice of purchase.4. Encourages Sale of Inferior Goods:Opponents of advertising claim that it does not distinguish between superior and inferior goods and persuade people to purchase even the inferior goods. However, we also know that no good is superior or inferior. The level of quality depends upon the economic status of the target customer. Advertisements promote all goods, customers may pick them according to their requirements.5. Some Advertisements are in Bad Taste:Some advertisements are in bad taste and show something which is not approved by the society. They may show something objectionable and may cause distortion of certain relationships. Definitely, advertisements should avoid, use of objectionable words, graphics, photos, etc, which may have a bad effect on the society.

Answer

Thankx geeta...

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