Dear friends ,
Does monopolistically competitive firm needs advertisement ? If yes then plz tell me , why ?
2007-10-12 19:51:32 · 4 answers · asked by shipon 1 in Business & Finance ➔ Advertising & Marketing ➔ Other - Advertising & Marketing
Unless the firm provides a service that everyone has no choice to use, a monopolistic firm must still convince consumers to buy its product.
2007-10-12 20:03:26 · answer #1 · answered by iansand 7 · 0⤊ 0⤋
A monopoly would benefit from advertising by 1) raising demand for their product, 2) PR to keep a good public image and help keep regulators off their back, and 3) to influence the value of their stock.
2007-10-12 22:08:46 · answer #2 · answered by Baccheus 7 · 1⤊ 0⤋
i might want to imagine, any organization it really is a monopoly. Like Bell become before it become damaged up into many diverse agencies. The be conscious aggressive might want to come into it, in the adventure that additionally they tried to stay that way deliberately, and refused to enable smaller agencies have any share of the marketplace.
2016-10-21 02:05:23 · answer #3 · answered by kaspari 4 · 0⤊ 0⤋
Yes, to deceive consumers into believing they have a choice.
2007-10-12 19:55:28 · answer #4 · answered by Jimi 2 · 0⤊ 0⤋