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MSJ Online-Commerce Synopsis Unit 17-Advertising
Q. Define Advertising.
Answer: Advertising can be generally defined as the spreading of information and awareness. Advertising assists trade by providing consumers with information about availability of goods, attempting to persuade customers to buy in order to increase the seller's sales and profits.
Q. What is the aim of advertising.

Answer:

(a) Increasing sales- Main goal of any business is to make profit. Profits can be increased by selling more, as the cost of production per unit is reduced since total cost is spread over a large volume of goods.

(b) New products- New products are introduced in the market but are unheard off, advertising helps in spreading awareness and stimulating demand for a new product.

(c) Information- Most products undergo constant changes and improvements, improvements, advertisements inform customers of changes in products.

(d) Branded goods- very often branded goods are advertised so as to keep the brand name in the public eye.

(e) Company's image- Advertisements are designed in such a way to project the desired image of the company to assure its high quality, reliability and excellent services.

Q. What are the various advertising media's used?

Answer: An advertising medium is a means for advertising. Some of them are suitable for local markets while others for goods to be sold on national or international scale.

(1) Television- It is expensive but effective media of advertising, as it has the combination of sound as well as vision.

(2) National press- Comparatively a cheaper medium of advertising where advertisements can be placed in appropriate places in the newspaper.

(3) Local press: Important for local advertisements as they have monopoly in a particular area hence advertiser can be sure of reaching almost every household.

(4) Poster- Economical, however they have to be carefully designed and located to catch public's attention.

(5) Cinema: These have the same advantages of television commercials however frequent repetition is not possible to create a cumulative impact.

(6) Other media- Advertisements on van's, buses, on paper bags etc. circular delivered to local households. Some other medias are Internet, VCD, and satellite TV channels

* Also see section on Advertising from " Business Studies-Chapter 22 : Promotion " . <Click Here>
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