Asked by Abigail Small on Jun 12, 2024
Verified
All advertising is clearly a waste of resources.
Waste of Resources
The inefficient use of materials, labor, energy, or capital that does not maximise potential utility or value.
- Understand the significance and effects of advertising in a market characterized by monopolistic competition.
Verified Answer
KC
Khushbu ChoudharyJun 15, 2024
Final Answer :
False
Explanation :
While some advertising may not be effective or may be targeted at the wrong audience, advertising as a whole is not a waste of resources. It can be a crucial tool for building brand awareness, promoting products and services, and driving sales. Many successful businesses rely heavily on advertising to grow and maintain their customer base.
Learning Objectives
- Understand the significance and effects of advertising in a market characterized by monopolistic competition.