ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To keep loyal customers
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To take customers from competitors by tempting them to try a new product or service
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Both options
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None of the above
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Detailed explanation-1: -Benefits of advertising increase customer reach. build customer awareness of your business and brand. promote the benefits of your products or services. communicate information about your business.
Detailed explanation-2: -Explanation-Advertisements highlight some aspects of a product that can be related to certain values in the consumer’s mind. Thus, they create a brand value about the product that appeals to the customer and helps him/her in making a choice.
Detailed explanation-3: -Advertisements can increase familiarity and trust between a company and its customers. If a potential customer sees multiple ads about your product, they may consider you a trusted brand. You can also use advertising to address any concerns, which further builds trust between your company and your customers.