ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Promotion is any form of communication a business uses to inform, persuade, or remind people about its products and its image. Public relations fosters a favorable image about a business, its products, or its policies. Publicity tries to place positive information in the media.

Detailed explanation-2: -The Purpose of Advertising 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-3: -A promotion is any form of communication used by a business to inform, persuade, or remind people about its products and improve its public image.

Detailed explanation-4: -Advertising is a communication strategy designed to convince consumers to buy a company’s products. Persuasive communication involves getting attention, generating interest, creating a desire for change and encouraging action. Advertising is important for driving revenue and profit growth.