Which of the Following Is Not an Argument Put Forth

question 54

Multiple Choice

Which of the following is not an argument put forth by economists in support of the use of advertising? Advertising

• A) increases competition.
• B) provides information to customers about prices, new products, and location of retail outlets.
• C) provides a creative outlet for artists and writers.
• D) provides new firms with the means to attract customers from existing firms.

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Definitions:

Collection Delay

The time lapse between when a payment is made by a customer and when the funds become available to the recipient company.

Average Amount

The mean sum of a group of numbers, calculated by dividing the total by the quantity of numbers.

Weighted Average Float

The average time between when a check is deposited in a bank and when the funds are available.