MANAGEMENT

Detailed explanation-1: -Advertising boosts the economy by helping to introduce new products faster and more effectively to consumer by supporting to achieve the economies of scale faster and by helping to remove the monopoly of the product. Advertising reflects society and society reflects advertising.

Detailed explanation-2: -Role of Industrial Advertising It makes company work more efficiently to produce the desired product or service. It creates awareness among the customers or other companies about the products and services.

Detailed explanation-3: -Advertising may shift the demand for a class of products when the demand for that product is expansible, i.e., subject to increase through appeals to consumers’ buying motives. In influencing the shape of the demand curve for any type or class of products, advertising may make the demand either more or less elastic.

Detailed explanation-4: -ADVERTISING CAN be an agent of social change and empowerment. It can also mobilise consumer choice for more sustainable consumption.