Economic Aspects of Advertising

Economic Aspects of Advertising

Economic Aspects of Advertising: Following are the economic aspects of advertising: 1. Advertising is the spokesman of a businessman: Advertising tells the thing about the product, what the manufacturer wants to tell. 2. Product information: Advertising informs the people about the product, its uses and qualities. 3. Advertising motivates the people to make a buying decision: Advertising tells all the characteristics and qualities of the product in such an appealing way that it motivates the people to make a buying decision. 4. It increases the sale of the product: When people will make a buying decision definitely this will result in increase in the sale of the product. 5. Advertising make the company known: Advertising carries the message of the product alongwith trade mark which makes the company known among the people. 6. It dispel wrong impression: In case people have wrong impression towards a product, advertising is used to […]

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Capsule History of Advertising

Capsule History of Advertising Advertising is as old as civilization itself. The earliest beginnings of advertising, of course, are impossible to pinpoint, but there are several examples dating back thousands of years. Clay tablets traced to ancient Babylon have been found with messages that promoted an ointment dealer and a shoemaker. In the ruins of ancient Egypt, explorers have found papyrus posters offering rewards for the return of runaway slaves. In the ruins of the Roman city of Pompeii, archaeologists have discovered political advertisements painted on walls along streets. However, until the advent of mass selling in the nineteenth century, advertising played only a minor role in the conducting of business. In early Greek and Roman days, signboards were placed above the doors of business establishments, and later, the town crier was an important advertising medium throughout Europe and England during the medieval period. In short, advertising was a well […]

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Factors Influencing the Media Selection

Elaborate the factors responsible for selection of media for advertising campaign? Factors Influencing the Media Selection: The problem of selection of the best medium or media for a particular advertiser will vary greatly, depending on the particular situation, circumstances and different other factors in which a person is conducting individual business. Media selection involves a basic understanding of the capabilities and costs of the major media. The problems which the advertising has to face in the selection of media are: Profile of the target market Coverage or exposure Frequency Continuity Impact Copy formulation Media cost and media availability. In addition to these problems there are a number of other major factors which influence the decision of the advertiser and therefore, the same must be considered while selecting the media. The most significant of these factors are: Objectives of the campaign Budget available Research concerning client The product Type of message […]

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Analyze The Various Steps Involved in An Advertising Campaign

Analyze the various steps involved in an advertising campaign CAMPAIGN PLANNING: According to Wright et al. [18], there are seven basic and essential steps in planning: 1 . Approaching the Advertising Opportunity This appraisal involves the determination of the right timing; for a particular advertising campaign. Neil Borden [19] and Charles H. Patti [20] have identified five situations which could lend themselves to advertising opportunities: Presence of a favourable primary demand trend: If a product category is becoming favourite with        consumers, then it is beneficial to advertise a particular brand of product in that category. For example, if coffee drinking is on the increase then a particular brand of coffee can take advantage of it Similarly, if the trend is towards small compact cars, then it is difficult to sell big gas- guzzling cars. Good chance for product differentiation: If the product that is the focus of […]

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Challenges and Prospects in Advertising in Pakistan

 Challenges and Prospects in Advertising in Pakistan:           In advertising one has a diverse range of jobs to choose from, to suit one’s inclination, talent and personality. The choice of working in an organization that manufactures certain goods or provides certain services, to look after the advertising of these goods or services would demand a particular kind of skills and interests. One can choose to work in an organization that creates advertising and distributes advertisements through different media. In such an organization there is a wide variety of jobs calling for different types of skills and creativity. To make matters easier, one has to start with simple definitions. The manufacturer or provider of goods and services would be referred to at this stage as the advertiser or, may be, the marketing organization. The organization providing advertising services is the advertising agency. And advertising itself is the communication […]

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Techniques for Measuring the Effects of Advertising Campaign

Discuss the various strategies and techniques for measuring advertising campaign. Techniques for Measuring the Effects of Advertising Campaign: There are many advertising campaign effectiveness measurement techniques in use. These techniques are divided into classes and then evaluated or measured. Classes of Measurement Techniques Advertising campaign effectiveness measurement techniques can be classified as measuring cognitive response, effective response and conative response. A cognitive response measurement technique evaluates changes in subject’s knowledge; an effective response measurement technique measures dhanges in consumer’s attitudes towards a product; and a conative response measurement determines the action that consumers take towards a product. Approach to Examining Measurement In selecting each measurement technique, two related questions or approaches must be considered. Does the measurement technique meet the criteria for measurement techniques i.e., is the technique accurate and valid? The advertiser must select a measurement technique that measures the particular element to be evaluated. The analysis of measurement […]

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