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.
Activities or benefits offered for sale are_______ ...
The component of product as a marketing mix element is_______ ...
Which of the following factors would not be considered by a cement manufacturing firm in t...
A retailer's cost and selling price for a bag of rice are N10,000 and N14,000 respectively. W...
A product that is bought frequently on impulse at lower price is ...
An arrangement whereby a company's name and trademark are used by a foreign company is____ ...
The selling of goods in small units is normally performed by_________ ...
A form of engaging in international marketing that involves the pooling of resources between l...
The orientation that assumes that Consumers would only buy when persuaded with aggressive adver...