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Advertising can have an effect on the price of a product. Advertising might cause consumers to view products differently than they did before. If the affect is a negative one, then the price might tend to be lower to offset demand. Of course the reverse can also be true. Generally when competitors see a rival set off a large advertising campaign, it would generally spark the same with this company. The result would seem to trend towards a more competitive market, which might cause lower prices on the product involved.
This would have a positive affect on society as a whole.
What else can I help you with?
If a price increase has little or no effect the demand for the product is?
When a price increase has little or no effect on the demand for a product, it is inelastic.
What effect does scarcity have on the price of a product if demand stays the same?
The scarcer the product, the higher the price.
Conclusion of price elasticity of demand?
The conclusion of the price of elasticity of demand is the effect of price change based on the revenue it receives. It is based off the demand of the product and the price of the product.
If price changes have little effect on the quantity of a product demanded the product is said to have?
inelastic demand
What effect does a tariff have on the price of a product in the country imposing the tariff?
the effect it has on the good is that in 1828 the prices were lowered so that's why the effect is made.
How does advertising of a product increase it's price in the market?
Advertising increases awareness, which in turn increases demand, which then makes the product more desirable/harder to get, which then increases the amount that the provider can charge for the product, thus increasing the price that they ask for it. The cost of advertising must be added to the price of the product. The larger, more expensive the advertising campaign, the more cost must be added to the price of the product.
If a price increase has little or no effect the demand for the product is?
When a price increase has little or no effect on the demand for a product, it is inelastic.
What is a violation of consumers rights?
Advertising a product at a low price when it is no longer available
Which effect does scarcity have on the price of the product if the demand stays the same?
The scarcer the product, the higher the price.
What factor effect the price of product?
salex tax
How do you present your product?
STEP BY STEP METHOD ON HOW TO PRESENT YOUR PRODUCT 1.) Look for a good Advertising agency. 2.) Take your product to they Advertising Agency and ask if he/she can Advertise your product on Television. 3.)Make more stock of your product and then send to a factory where your product can be sold for a price of your choice. 4.) Choose a name for your product. 5.)Build your own factory/shop where you can sell your product. 6.)Employ workers and pay them to work at your factory/shop for a good price. 7.)Start Advertising your product in Catalogs such as Argos. I HOPE YOUR PRODUCT WILL MAKE SUCCESS WITH THIS METHOD!!!!!!!!!!
What are the advantages of advertising to consumers?
There are numerous advantages of advertising to customers. Advertising allows you to inform the customer of the features, price, and availability of your product. By increasing the image of the brand, you will also increase your sales.
What effect does scarcity have on the price of a product if demand stays the same?
The scarcer the product, the higher the price.
Conclusion of price elasticity of demand?
The conclusion of the price of elasticity of demand is the effect of price change based on the revenue it receives. It is based off the demand of the product and the price of the product.
If price changes have little effect on the quantity of a product demanded the product is said to have?
inelastic demand
How does product advertising differ from institutional advertising under what conditions will they be used?
How does product advertising differ from institutional advertising under what conditions will they be used?How does product advertising differ from institutional advertising under what conditions will they be used?
Is advertising charges are included in the selling price?
No advertisement expenses are not included in selling price because selling expenses are not part of product cost rather these are period cost.
