What are the 3 usefulness of advertising?
Usefulness of Advertising
1. Increases Brand Awareness
Advertising helps companies introduce and promote their products or services to a wider audience. By consistently exposing potential customers to a brand, advertising builds recognition and recall, making it more likely that consumers will choose that brand when making purchasing decisions.
2. Boosts Sales and Revenue
Effective advertising campaigns attract new customers and encourage existing customers to make repeat purchases. This increase in demand directly translates into higher sales volumes and increased revenue for businesses.
3. Supports Market Competition
Advertising fosters a competitive environment by highlighting the unique features and benefits of products or services. It allows businesses to differentiate themselves from competitors, stimulate innovation, and offer better options to consumers.