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Q.Describe briefly the benefits of advertisement to manufacturers and society.

Uttar Pradesh UpmspUP Board (UPMSP) Intermediate (Commerce) 2022Subjective· 10mImportance★★★★★
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Advertisement helps manufacturers sell more and build their brand, and helps society by informing consumers, raising living standards and supporting media.

Benefits of Advertisement to Manufacturers (Producers/Sellers):

  1. Increases sales and demand — Advertising informs and persuades customers, creating and expanding demand and boosting sales.
  2. Builds brand image and loyalty — Repeated advertising establishes the brand in the minds of customers and builds loyalty and goodwill.
  3. Helps introduce new products — It is an effective way to launch and popularise new products quickly in the market.
  4. Reduces per-unit cost — Higher sales from advertising allow large-scale production, lowering the cost per unit.
  5. Faces competition — It helps the manufacturer meet competition and maintain or increase market share.
  6. Supports salespersons — Pre-sold, aware customers make personal selling easier and more effective.

Benefits of Advertisement to Society:

  1. Informs and educates consumers — It gives consumers information about products, their features, prices and uses, helping them make better choices.
  2. Raises the standard of living — By making people aware of new and better products, it encourages their use and improves the standard of living.
  3. Generates employment — The advertising industry and the increased production it supports create many jobs. …

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