Which of the Following Statements Supports the Idea That Advertisements

question 120

Multiple Choice

Which of the following statements supports the idea that advertisements do not promote materialism?

• A)Advertisements create brand loyalty.
• B)Material possessions are indicators of status and success.
• C)Advertisements can increase or decrease the price elasticity.
• D)Consumers' values are defined by the society in which they live.
• E)Advertising can create needs that did not exist beforE.Supporters of advertising say that advertising merely reflects the values of society rather than shaping them.They argue that consumers' values are defined by the society in which they live and are the results of extensive, long-term socialization or acculturation.

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Definitions:

Indifference Curves

Graphical representations showing different combinations of two goods that give a consumer equal satisfaction and utility.

Bundle

A bundle refers to a group of products or services that are sold together as a single combined unit, often at a discounted price compared to purchasing each item separately.

Constants

Fixed values that do not change in mathematical equations or experiments, ensuring consistency in calculations and outcomes.

Indifference Curves

Graphical representations of various combinations of goods or services between which a consumer is indifferent, showing levels of utility.