ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Decrease sales
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Small market share
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Educate customer on how to use product
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None of the above
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Detailed explanation-1: -Advertising has three primary objectives: to inform, to persuade, and to remind. Informative Advertising creates awareness of brands, products, services, and ideas. It announces new products and programs and can educate people about the attributes and benefits of new or established products.
Detailed explanation-2: -Objectives of advertising can be used as a way of stimulating sales, attract customers and create brand and product loyalty, create a confident and enthusiastic customer base, and achieving a competitive advantage over the market competition.
Detailed explanation-3: -The main objective of advertising is to increase sales to all customers-present, former and future. Advertising increases the present sales and potential demand of the product.
Detailed explanation-4: -The purpose of the advertisement is to persuade and enlighten consumers about any service or good available on the market.
Detailed explanation-5: -Drive customer satisfaction. Identify high value audiences. Increase customer leads. Increase customer retention/loyalty. Drive first purchases.