ABC Foods has recently expanded its production capacity a...
Use the following information to answer this question
ABC Foods has recently expanded its production capacity and is searching for a medium for advertising its products at a lower cost.
A benefit the company would derive from advertising the product is
increase in competition
increase in market share
decrease in tax liabilities
decrease in production cost
Correct answer is B
A benefit that ABC Foods would derive from advertising its products is an increase in market share. Advertising plays a crucial role in raising awareness about a company's products or services and attracting customers. By effectively promoting their products through advertising, ABC Foods can reach a larger audience, create brand recognition, and generate interest and demand for their products. As a result, ABC Foods can potentially increase its market share by capturing a larger portion of the target market and competing more effectively against other companies in the industry.
An argument against advertisement is that it__________ ...
An element in the marketing mix is____ ...
Products that are purchased for use in the production, of goods for resale are ...
The information that can be accessed quickly and cheaply by the marketing manager is_______ ...
Which of the following cannot be used to identify a product? ...