Exercises · Q6
Q.Explain the functions of advertising.
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Start your 14-day free trial to unlock the full solution →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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