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1 year ago

Describe the advantages and disadvantages of advertising and other promotional tools.

1 answer:

4 0

Advertising is a means of communication in which a message about the product is sent to intend or influence people. It is basically considered a paid form of communication. Advertising is for a large number of people, not for one individual. Advertising is communication about different ideas and products. Different tools are used in advertising. Nowadays, most organizations give preference to social media advertising due to its benefits. Social media advertising gives more benefits as compared to other advertising and promotional strategies.

Following are the possible advantages of advertising and other tools

Sales will be promoted.
Production will be expanded
Huge profit
Information related to different products and prices.
More employment opportunities will be created.
People's living standards get improved.
You can target your customer easily
Customer can easily be engaged

Possible disadvantages of advertising and other promotion tools are

The cost of production will be increased.
Create unequal competition.
Promote consumption that is unnecessary.
Customer may compare your products with other competitors
Wrong advertising strategies brings more badly effects on sales

Therefore there are different advantages and disadvantages of advertising and promotional tools.

You can learn more about advertising at

brainly.com/question/1658517

#SPJ4

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A TV manufacturing company uses speakers at the rate of 8000/mo. When it places an order for speakers it incurs a fixed cost of

sveticcg [70]

Solution :

1. Ordering quantity 500 1000 10000 30000 80000

2. No. of orders 16 8 0.8 0.27 0.1

3. Average inventory 250 500 5000 15000 40000

4. Value of average 2750 5250 50000 142500 370000

inventory

5. Monthly total cost

a). Cost of material 88000 84000 80000 760000 740000

b). Ordering cost 19200 9600 960 320 120

c). Carrying cost 27.5 52.5 500 1425 3700

Total monthly cost 107227.5 93652.5 81460 77745 77820

Among the total monthly cost, $ 77,745 is the least cost.

Therefore, the optimum order size of quantity = 30,000

The number of orders per month = 8000/30000 = 0.267

Time between two consecutive orders = 30000/8000 = 3.75 months

7 0

3 years ago

What is the main goal of a six sigma implementation?

ki77a [65]

Overall improvement of quality.

The goal is to Increase profits by eliminating existing product variability, defects and waste that are undermining customer loyalty.

I found a diagram on google that’s colorful and looks helpful if you’d like to doodle it in your notes ☺️

5 0

3 years ago

The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP

Delicious77 [7]

Answer:

The correct answer is option a and option b.

Explanation:

The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP.

This is because the GDP of a nation is the value of final goods and services produced in an economy in a year by both domestic citizens as well as foreign residents.

While GNP of a nation does not include the income earned by the foreign residents within the boundaries of a nation. So it is lower than GDP.

4 0

3 years ago

A firm that sells goods that it purchases for re-sale is a

MrRissso [65]

The answer to the question above is Re-sellers. not to mention the question above stating that a firm sells goods that is purchased for a re-sale automatically refers to the Re-sellers. The Re-sellers can be a retailer that sells to the end users or sells to other business firms like the whole seller. basically the term Re-seller is a firm that who buys product lesser in the market and sells it with added value.

3 0

3 years ago

"According to the law of demand, with everything else being equal, the quantity demanded for a good or service will ____________

m_a_m_a [10]

Answer: Decrease

Explanation:

According to the Law of Demand, The quantity demanded for purchase of a commodity inversely varies with the price.

That is to say that "ceteris paribus" ( with everything being equal),When the prices of a particular good go higher, people will buy less of such commodity but will buy more, if the prices of the goods reduces.

We can say demand is elastic if quantity demanded for a commodity decreases with increase in price which will make people choose another lower substitute good eg, detergent, ice cream

Also if quantity demanded does not change much with increase in price , then it is referred to as Inelastic Demand for example necessity commodity such as gasoline.

5 0

3 years ago