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Alex Ar [27]
3 years ago
10

Many firms advertise. What effect does advertising have on firm​ profits? One possible effect of advertising is to:_________

Business
1 answer:
spayn [35]3 years ago
6 0

Answer:

Option b: Increase profits by shifting the demand curve for the product to the right

Explanation:

Marketing is simply all the activities necessary for a firm to sell a product to a consumer. Firm engages in marketing to make their brand or product known.

Advertising has a whole lot of effect in the society at large. There are economic effect, social effect and others.

effects of advertising on the prices of goods and service includes exerting an upward pressure on prices that is the Cost of advertising is passed along to consumers and Advertising makes us less price sensitive) and exerting a downward pressure on prices may lead to economies of scale and Lowers the cost of sales.

Social Effects of Advertising is that it is manipulative and promotes unnecessary consumption,Advertising makes us more intelligent consumers and promotes worthwhile social causes.

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Explain why the government is often more responsive to producer interests than to consumer interests when it comes to the imposi
tensa zangetsu [6.8K]

Answer:

The reason the government is often more responsive to producer interests than to consumer interests when it comes to the imposition of tariffs and quotas is:

it wants to ensure that producers are protected from foreign competition.

Explanation:

Producers face foreign competitive threats.  Consumers do not face such competition.  Therefore, the government will often consider the producers' interests more than the consumers' interests when imposing trade tariffs and quotas.  If local industries are not protected from their foreign competitors, the unemployment rate will increase and the economy will be flooded with cheap and low quality goods from other countries.  In that way, the US will be subsidizing the foreign producers indirectly.

4 0
3 years ago
At an auction, Ben bids on a 1957 Chevy coupe, believing that it is worth more than the price asked. When the car proves to need
Rainbow [258]

Answer: still liable on the bid

Explanation:

4 0
3 years ago
Porite Company recognizes revenue in the period in which it records an asset for the related account receivable, rather than in
solmaris [256]

Answer:

Accrual basis of accounting

Explanation:

Accruals basis accounting (accruals accounting, the matching concept) depicts the effects of transactions and other events and circumstances on a reporting entity’s economic resources and claims in the periods in which those effects occur, even if the resulting cash receipts or payments occur in a different period.

Revenue from sales and other income should be reported in the period when the income arises (which might not be the same as the period when the cash is received from the customer / client).

Based on the above discussion it can be concluded that the Portie's practice is an example of accrual basis of accounting.

7 0
3 years ago
Why should everyone in a market have adequate information about market conditions?
sergeinik [125]
Because if they don't then they won't know how to price things and how to play the marketing game with other marketers, even if your not in the marketing business you should know this because if you do go to market something you will know if people are trying to cheat you.

Hope this helps have a nice night
7 0
4 years ago
What is most likely to happen if the Fed prints too much currency? A. A decrease in product prices B. A decrease in the number o
Lyrx [107]
The answer is C. 
If the Federal government prints too much currency an increase in inflation is most likely happen. If you print more money the price of the current goods and services doesn’t change. However, households will have more cash to spend. If there is more cash that is after the same amount goods and services, companies will just put up the prices. 
6 0
3 years ago
Read 2 more answers
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