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Exercises · Q6

Q.Explain the functions of advertising.

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Advertising performs several functions benefiting seller, buyer and society.

A. Primary (marketing) functions

  • Informing — tells buyers a product exists, what it does, where and at what price it is available, and how it is used.
  • Persuading — builds preference for a brand and moves the buyer through attention, interest, desire and action.
  • Reminding — keeps an established brand's name fresh so repeat purchases continue.
  • Creating and expanding demand — enlarges the total market and supports large-scale production.

B. Functions for the manufacturer/seller

  • Introduces new products quickly to a wide audience.
  • Builds brand image and goodwill.
  • Supports the salesman by preparing customers before he calls (an "advance agent").
  • Facilitates large-scale production by assuring mass demand and lowering unit cost.
  • Helps meet competition and defend market share.

C. Functions for the consumer and society

  • Educates the consumer about new products and better ways of living.
  • Guides buying decisions with useful information.
  • Raises the standard of living.
  • Supports the media, whose advertising revenue helps keep newspapers, magazines and channels running, often at a lower price to the public. …

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