Which of the Following Is True About Advertising Spending in the United

question 184

Multiple Choice

Which of the following is true about advertising spending in the United States?

• A)Firms spend more money for advertising business products than consumer products.
• B)Advertising spending in the United States was $450 billion in 2015.
• C)Firms spend an average of only about 2.5 percent of their sales dollars on advertising.
• D)Advertising in the United States accounts for roughly 50 percent of worldwide advertising spending.
• E)The advertising spending as a percent of sales dollars remains same for all product categories.

---

Definitions:

Adjudicated

Having undergone a legal process by which an official decision or judgment is made regarding a dispute.

Mentally Incompetent

A legal status referring to an individual's lack of capacity to make decisions due to mental disability or illness.

Disaffirmance

The legal right of a party to reject or void a contract or agreement, often due to factors like minority status or duress.

Improvidence

Lack of foresight or care in managing finances, often leading to unnecessary expenditure or loss.