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:

Guarantee

A formal assurance or promise, often related to the quality or durability of a product, or the fulfillment of a contract.

Guaranteed

Promised with certainty or underwritten with a promise of payment or performance.

Defaulted

Refers to the failure to meet a legal obligation or agreement, especially failing to make required payments on a loan.

Personal Property Security Act

Legislation that governs the creation and registration of security interests in personal property, aside from real estate, to secure payment or performance of an obligation.