All categories

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

You might be interested in

The factors of production are

Elan Coil [88]

They are resources that are the building blocks of the economy.

6 0

3 years ago

A useful approach for understanding a client's business environment and associated business risks is to perform a PESTLE analysi

DedPeter [7]

Answer:

Business ricks factors for Poultry industry using PESTEL:

Political : Government imposes ban on hormone injections and artificial feeds.

Economic: Demand is high but supply is insufficient causing rise in prices.

Social: People taste changes and they are switched to beef.

Technological: Genetic manufacturing of eggs incurs high cost.

Environmental: Poultry industry creates smell pollution which can affect nearby societies.

Legal: Contract issues and termination of contract can cause industry failure.

Explanation:

PESTEL analysis is widely used in the business to identify the associated risks with the operations. In the pestel analysis all factors are analyzed in detail. Political, economic, social, technological, environmental and legal factors are analyzed in detail and risks associated with these factors are identified to improve business strategies.

8 0

3 years ago

Nova Electrics anticipates cash flow from operating activities of $12 million in 20X1. It will need to spend $9.5 million on cap

Ulleksa [173]

Answer:

$1.78 million

Explanation:

Firm’s projected free cash flow for the year 20X1:

= cash flow from operating activities - capital investment - Common stock dividend - preferred stock dividend

= $12 million - $9.5 million - $0.40 million - $0.32 million

= $1.78 million

Therefore, the firm’s projected free cash flow for the year 20X1 is $1.78 million.

6 0

3 years ago

Jim Walton perform services on credit for $2450 a debit for this transaction should be recorded to?

ki77a [65]

A) accounts receivable

Hope this helped!

5 0

3 years ago

Woodmier Lawn Products introduced a new line of commercial sprinklers in 2020 that carry a one-year warranty against manufacture

blagie [28]

Answer:Woodmier journal $

1. Date

2021

Warranty expenses Dr 90,000

Warranty liability Cr. 90,000

Narration. Amount of warranty incurred for the year.

2021

Warranty liability Dr 90,000

Bank/Cash. Cr. 90,000

Narration. Payment of warranty expenditures.

2. No entry require

Explanation:

The warranty expenses since is a period of one year can be accounted for at the end of the year without requirements for provision at the beginning of the year. The actual warranty is debited to the income statement and the liability recognized as a creditor until payment.

The discontinuation of the sales of the product in 2021 will not affect the already incurred warranty liability and the account posting thereon in the following years.

8 0

3 years ago