Discuss the benefits and drawbacks of advertising

Assignment Help Business Economics
Reference no: EM13996797

What recent advertising have you found to be particularly interesting - something that made you want to learn more about a product/service or you wanted to buy? Did you buy? What was it about the method of delivery, ad, etc. that attracted your interest? Although advertising has clear benefits, it can also be a nuisance (or even worse). Discuss the benefits and drawbacks of advertising, keeping in mind that advertising should not be confused with other promotion techniques.

Reference no: EM13996797

Questions Cloud

What determines the composition of national output : What determines the composition of national output? In some cases, we say that there is "consumer sovereignty." meaning that consumers decide how to spend their incomes on the basis of their tastes and market prices. In other cases, decisions are mad..
Firm with market power has the inverse demand curve : A firm with market power has the inverse demand curve P = 90 – 1.5Q and the marginal cost curve MC = 10 + Q. If the firm decides to practice perfect price discrimination, its producer surplus will: increase from $400 to $840.
Provide the essential positive economic analysis : The great English economist Alfred Marshall (1842-1924) invented many of the tools of modern economics, but he was most concerned with the application of these tools to the problems of society. Explain how the cool head might provide the essential po..
Assume imports increase supply-supply and consumer surplus : Assume that imports increase supply. In terms of demand, supply and consumer surplus, why would consumers prefer more imports? Adam Smith studied a pin factory and found that 1 individual doing all tasks necessary to make a pin could only make severa..
Discuss the benefits and drawbacks of advertising : What recent advertising have you found to be particularly interesting - something that made you want to learn more about a product/service or you wanted to buy? Did you buy? What was it about the method of delivery, ad, etc. that attracted your inter..
The total revenue functions for the firm : Q=55-0.5PGiven the firm’s demand function Q=55-0.5P (where P = price and Q = rate of output), and the total cost function TC=20+Q+0.2Q^2 where TC = total cost, determine a. The total revenue functions for the firm.
In order to restructure some of its debt : In order to restructure some of its debt, General Motors decided to pay off one of its short-term loans. If the company borrowed the money 1 year ago at an interest rate of 8% per year and the total cost of repaying the loan was $82 million, what was..
Manufactures general-purpose transducers : A company that manufactures general-purpose transducers invested $2 million 4 years ago in high-yield junk bonds. If the bonds are now worth $2.8 million, what rate of return per year did the company make on the basis of (a) simple interest and (b) c..
What is the variance of the profit of the company : The revenue (X) from the sales of a company has an expected value of $7,403, with a standard deviation of $551 while the cost (Y) has an expected value of $4,566, with a standard deviation of $348. The covariance between the revenue and cost is 1,434..

Reviews

Write a Review

Business Economics Questions & Answers

  Rate of return would the firm earn in its asset base

Illustrate what output would be produced, Illustrate what would total profits be also Illustrate what rate of return would the firm earn in its asset base.

  Make human rights issues part of their overall policy

What steps should multinational companies take to ensure that their subcontractors are behaving in an ethical manner? How should companies make human rights issues part of their overall policy?

  Annual real interest rate on the loans

If the annual real interest rate on the loans is 6%, explain how many car companies will buy a new car assembly machine.

  Discuss at least two economic phenomena

Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate. Select an economic phenomenon and determine which of the models discussed in this chapter would be mo..

  New user-friendly computer system reduces training time

Training and Friction. Assuming diminishing marginal product of additional workers and diminishing marginal product of additional hours-per-worker, how would a profit-maximizing arm adjust its mix of workers and hours-per-worker in response to [ceter..

  Source of competitive advantage are align and differentiate

Three tests for any source of competitive advantage are align, differentiate, and add value. Discuss whether these tests are difficult to pass. Can compensation really be a source of competitive advantage? Why or why not??

  What is the final single payment

A company buys a machine for $12,000, which it agrees to pay for in five equal annual payments, beginning one year after the date of purchase, at an annual interest rate of 4%. Immediately after the second payment, the terms of the agreement are chan..

  Illustrate what happens to consumer surplus into market

Assume bad wear in Florida ruins much of orange crop. Illustrate what happens to consumer surplus into market for oranges.

  What characteristics of the industry make it a monopoly

Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?

  Government give in tax cut to eliminate this gap

Elucidate how much money should the government spend to eliminate this gap. Elucidate how much money should the government give in tax cut to eliminate this gap.

  The average starting salary for engineers

The average starting salary for engineers for 2002 was $47,000. The average in 2015 was 65,000. If we assume salaries are tied to inflation, what has been the average yearly inflation rate for this period? And, what should we anticipate the salary wi..

  Determine the depreciation rate per mile

A trucking company computes depreciation on its vehicles by a mileage basis. Suppose a delivery truck has a cost of $20,000, a salvage value of $2,000, and an estimated useful life of 200,000 miles. Determine the depreciation rate per mile.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd