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Advertisement Affect Economy
Advertisement affects to the economy not only adversely but also favorably, that is better understood by following:
Ø If company advertises their product then, it affects economically to company as it is expensive. It incurs so many expenses. Thought advertisement is expensive, but it gives long term benefit to the company.
Ø We can see that because of advertisement, the cost of the product is going high, so customers are stressed; they feel strained by rising food prices, rising fuel prices. Advertiser's switch from traditional media to new media has also affected the economic slowdown.
Ø The trend of reduction in newspaper advertising, revenue will continue.
Ø Advertising during a slow economy clearly creates a competitive advantage, with a majority of executives agreeing that seeing a company advertise during slower times makes them feel more positive about the company's commitment to its products and services.
Ø So, in this ways advertisement affect adversely & favorably to the economy.
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