Advertising and sales promotions are ways of persuading consumers to match demand with products offered by sellers. Advertising can be informative or competitive. Explain the good and bad of advertising for society!

Q: How can brands create the perception of products through advertisement and social stratisfaction?

A: Businesses have their major events and aspect that needs to be catered for the economy has a driving…

Q: There would be a unique product for which there are few close substitutes under which market model?…

A: A pure monopoly is a solitary provider inside a characterized market or industry. The firm…

Q: From a marketing strategy and customer intimacy perspective, to what extent do you believe companies…

A: In democratic government typically, it has been seen that there is both public and private sector…

Q: Focusing on what you learned about asymmetric information and price dispersion, is there an economic…

A: Asymmetric Information refers to Information failure. asymmetric information occurred when one party…

Q: refer(s) to the unique set of psychological characteristics that tend to identify individuals in the…

A: A market is a place where the two parties of the trade such as the buyers and the sellers come and…

Q: CITGO, the petroleum company owned by the Venezuelan government, sells its products throughout the…

A: The market share of the firm and the advertisement are positively related. If the firm is spending…

Q: There are only two views of advertising: informative and persuasive.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Which of the following is NOT an economic function of advertising? a) Facilitating competition b)…

A: Advertising plays an important role in the growth of an economy. Advertisement of a product shares…

Q: Explain product differentiation ,  Name a product and show how it has been differentiated

A: Product differentiation: - Product differentiation is a market technique of making any product…

Q: How might advertising lead to a shift in the demand curve

A: Demand curve is a downward sloping curve that depicts the negative relationship between the price of…

Q: Types of products in:  1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:

A: A market is a place where the buyers and sellers interact with each other and the exchange of goods…

Q: What is the reason that Wholesalers are the most misunderstood of marketing intermediaries?

A: When talking about market intermediaries, wholesalers and retailers play a significant role in the…

Q: What are the three concepts that are commonly associated with marketing on the internet. Use…

A: Internet marketing refers to the process through which goods and services are marketed with online…

Q: Monopolistic competition market model for Coach Handbags showing a profit.

A: The way various industries are divided and differentiated depending on the degree and character of…

Q: In what different ways does Nutrisystem engage in direct marketing?

A: Direct marketing is a process in which business organization deals directly with the customers and…

Q: Describe Promotion strategies?

A: Promotion strategies are those techniques which are opted in the market for better spread of the…

Q: Branding involves creating and communicating a unique image and theme for a product in the…

A: A brand is considerably more than a natural name or logo that recognizes a business, item, or…

Q: In evaluating marketing actions, what are the two dimensions on which they should be evaluated?

A: The marketing process is a method of identifying a marketing campaign and opportunity, gathering and…

Q: What is meant by Promotion Mix? Explain its components

A: Promotion mix is the integration of various factors which helps in the promotion of goods. They are…

Q: price is less than average cost in a monopolistically competitive market: A. there is no incentive…

A: In a monopolistic competitive market there are large number of forms producing similar but not…

Q: Branding involves creating and communicating a unique image and theme for a product in the…

A: It is important that brand of the product is created.Due to branding,product sells at a larger range…

Q: When advertising increases brand loyalty for your company's brand, then the company's demand curve…

A: Brand loyalty means that if other new brands enter the market then also I will choose to buy this…

Q: Market Structure Kinds of Barriers to Number of Prices: Long-Run: Advertise? Products: Entry: Firms:…

A: Market Structure depicts how firms are being differentiated and also categorised based upon the…

Q: What distinguishes persuasive advertising from informative advertising? O Persuasive advertising…

A: Persuasive Advertising Informative Advertising Attempt to sell particular goods and…

Q: Summarize the six components of a marketing plan.

A: Marketing refers to the phenomenon in which the companies get involved in advertising, and showing…

Q: Your firm has a new strategy that will make its established product obsolete.  However, it will take…

A: There are many type of consumers are there in the economy. Some will buy the product at the time of…

Q: Walmart overview of ratios to a competitor and how could they be improved?

A:

Q: In which market structure would you find a great deal of advertising?

A: Market: In economics, a market is defined as a place where sellers of a commodity and buyers of a…

Q: What does the online promotion cycle start? a. Assess the need for promotion. b. Determining the…

A: The main aim of promotion is to guarantee that customers know about the presence and situating of…

Q: Identify the different advertising objectives? Provide examples of brand advertisement for each one…

A: Different advertising objectives The main objective of advertisement is to promote the product,in…

Q: Draw a diagram depicting a firm that is making a profit in a monopolistically competitive market.…

A: Change in monopolistically competitive market when new firms enter the industry is illustrated…

Q: Is price an indicator of quality?  Explain and give an example we didn’t discuss in class. Use a…

A: The price of a product is the amount at which the customers purchase that particular product. It is…

Q: The process of differentiating different clusters of customers into smaller, homogenous groups…

A: The correct answer is B ‘Market segmentation’.