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Suggest any five ways society benefits from advertising. - Commercial Studies

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Question

Suggest any five ways society benefits from advertising.

Answer in Brief

Solution

The ways by which the society is benefited from advertising are as follows:

  1. Educate the Consumers: Advertisements teach consumers about new uses for current products. It familiarises clients with new items and their various applications.
  2. Better quality product: A branded product ensures that consumers receive standard quality. Advertising drives producers to make higher-quality items under various brand names.
  3. Increasing Consumer’s Satisfaction: Advertising improves consumer pleasure by offering higher-quality products at lower prices.
  4. Making Purchase Easier: Advertising informs consumers about product availability, costs, utility quality, and relative merits.
  5. Goods at Reduced Prices: Advertising develops a large market for the goods. It leads to increased sales volume. Large-scale production helps to reduce production costs.
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Importance and Merits of Advertising
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Chapter 3: Advertising and Sales Promotion - EXERCISES [Page 43]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 3 Advertising and Sales Promotion
EXERCISES | Q 10. | Page 43
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