Ask Question
BusinessBusiness
18 December, 01:03

Advertising increases levels of consumer purchase of specific brands which in turn affects gross domestic product. T/F

+3
Answers (2)
  1. 18 December, 01:18
    0
    True

    Explanation:

    Advertisement is the soul of any business. It makes consumers to be aware of your specific brand and convince them on the essence and benefits of patronising the specific brand. As no business or services can grow without advertisemet, it convince more consumers to patronise your brand and affect the gross domestic product positively.
  2. 18 December, 03:34
    0
    The correct answer is False.

    Explanation:

    Advertising really tries to increase the purchase levels of products and services, not specific brands. Therefore, this statement is false considering that although all economic transactions affect GDP (positively or negatively), the advertising function is not aligned with its duty.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Advertising increases levels of consumer purchase of specific brands which in turn affects gross domestic product. T/F ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
All of the following are accurate statements about credit reports except: A) consumers are not allowed to see their credit reports B) They protect both consumers and leaders C) consumers should check their own reports periodically to see if they are
Answers (1)
5. The Bureau of Economic Analysis reported that, in real terms, overall consumer spending increased by $345.8 billion in 2015. a. If the marginal propensity to consume is 0.
Answers (1)
The PGA operates as two divisions: one that governs the club professionals who serve amateur players and another, known today as the PGA Tour, that governs the tour professionals, and schedules events such as the PGA Championship Tour, PGA Tour
Answers (1)
Race entered into a written contract to sell a parcel of land to Lark for $150,000. At the time the agreement was executed, Race had consumed a large amount of alcoholic beverages that significantly impaired Race's ability to understand the nature
Answers (1)
An adjusted trial balance:Is a list of all accounts and their balances after adjusting entries. Is a list of all accounts and their balances before adjusting entries. Is a list of all accounts and their balances after closing entries.
Answers (1)
New Questions in Business
Determine which of the following countries would be classified as 'growth miracles' or 'growth disasters'.
Answers (1)
The valuation of a common stock today primarily depends on:A, the number of shares outstanding and the number of its shareholders. B. its expected future dividends and its discount rate. Ct Wall Street analysts.
Answers (1)
Consider a bp gas station. as a result of an economic recession and decreases in consumer incomes, there will be a:
Answers (1)
You purchased 600 shares of SLG, Inc. stock at a price of $41.20 a share. You then purchased put options on your shares with a strike price of $45.00 and an option premium of $1.10. At expiration, the stock was selling for $48.30 a share.
Answers (1)
Which of the following statement is true? a. The demand for puma shoes is more elastic than the demand for shoes b. The demand for Cheerios is less elastic than the demand for cereal c. Products with many complements have a more elastic demand d.
Answers (1)
Home » Business » Advertising increases levels of consumer purchase of specific brands which in turn affects gross domestic product. T/F
Sign Up Forgot Password?