The Main Purpose of Advertising Is to Inform the Consumers

question 37

True/False

The main purpose of advertising is to inform the consumers about a product's features.

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Definitions:

Consolidated Equity

The total amount of owners' equity represented in a consolidated financial statement, which reflects the combine equity of a parent company and its subsidiaries.

Non-controlling Interest

The portion of equity in a subsidiary not owned by the parent company, also known as minority interest.

Profit After Tax

The net income of a company after all taxes have been deducted from revenues.