MANAGEMENT

BUISENESS MANAGEMENT

ADVERTISING

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

How much do the Telecommunications and Personal Care Products industries combined spend in advertising in 2005?

A	$12.4 billion
B	$11.2 billion
C	$8.2 billion
D	$9.7 billion

Explanation:

Detailed explanation-1: -Beauty & Personal Care-United States Revenue in the Beauty & Personal Care market amounts to US$91.41bn in 2023. The market is expected to grow annually by 2.60% (CAGR 2023-2027). The market’s largest segment is the segment Personal Care with a market volume of US$42.18bn in 2023.

Detailed explanation-2: -It was calculated that the digital advertising spending worldwide amounted to 521.02 billion U.S. dollars in 2021. The source projected that by 2026, the spending would reach 876 billion dollars.

Detailed explanation-3: -These include, for example, skin moisturizers, perfumes, lipsticks, fingernail polishes, eye and facial makeup preparations, shampoos, permanent waves, hair colors, toothpastes, and deodorants.

Detailed explanation-4: -The India beauty and personal care market size reached US$ 26.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 38.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.45% during 2023-2028.

There is 1 question to complete.