Which Statement Is True About Advertising

question 37

Multiple Choice

Which statement is true about advertising?

• A)If you are a tomato grower you will make more profit by advertising widely.
• B)If John Kenneth Galbraith's "revised sequence" is correct, advertising is a waste of money.
• C)It is best to spend advertising money on the products with the lowest quality and lowest consumer demand.
• D)Advertising is most useful if it is spent on new products of good quality.

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Definitions:

Economic Conditions

The state of the economy at a given time, encompassing various factors including employment levels, inflation rate, and GDP growth.

Inflation

The quickness with which the average market prices for goods and services grow, reducing the realm of purchasing.

Unemployment

A situation in which individuals who are able and willing to work cannot find jobs.

Living Standards

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.