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MERITS
- It increases the sales of the company.
- It makes the customers aware about the image of the company.
- It attracts new customers and creates brand loyalty in the previous customers.
- If a company introduces a new product in the market then the company can use advertising strategy to inform the customers.
DEMERITS
- It requires a lot of budget.
- It can create issues of under demand and under supply for the company and dislocates the demand and supply equilibrium for the company.
- It can also distort the mission of the company and the image of the company in the market through wrong concept in advertisements.
- Over advertisement of a company can create a fuss among the customers.
What else can I help you with?
What are Merits and demerits of consumer awareness?
The merits of consumer awareness include being able to know counterfeit products, identifying the correct standard for products and avoiding overpaying for items. The demerits involve many legal issues with sellers and spending too much time going through the standards.
Explain various pricing method with their merits and demerits?
The merits of the sampling methods takes the right products to the right customers. The demerit of this pricing method is that there are some goods which can't be sold therefore leading to losses.
What are the merits and demerits of advertisement?
Merits 1.some advertises present us useful products 2.some advertises present us time of films 3.some advertises show us great monuments
What are some of the demerits of marketing information system?
consumers priorities are not met. 2) lack of technical know how is found in service agencies. 3) introducing multiple models in the market without knowing merits and demerits of previous models namaste
What are the merits and demerits of turnaround strategy?
The merits of a turnaround strategy include the potential for revitalizing a struggling organization by improving operational efficiency, enhancing financial performance, and refocusing on core competencies. It can also foster innovation and adaptability in response to market changes. However, the demerits may involve significant resource allocation, potential resistance to change from employees, and the risk of short-term disruptions during the implementation phase, which can further impact morale and productivity. Overall, while a turnaround strategy can yield positive outcomes, it requires careful planning and execution to mitigate risks.
Merits and demerits of surrogate advertising?
no
Explain the merits and demerits of advertising as an aid to trade?
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Merits-Everyone is Equal. Demerits-Everyone is Equal.
