(a) Give four arguments for and three arguments against advertising.
(b) List six advertising media used by business organizations in West Africa.
(a) Four arguments FOR advertising
- It informs consumers. Advertising creates awareness of new products, prices, uses and where goods can be bought, so buyers can make informed choices.
- It increases sales and expands markets. By persuading more people to buy, advertising raises turnover, allowing firms to produce on a large scale and enjoy economies of scale.
- It lowers unit costs. Large-scale production stimulated by advertising spreads fixed costs over more units, which can reduce prices to the consumer.
- It creates employment. The advertising industry employs copywriters, artists, models and media staff, and higher sales create jobs in production and distribution.
(Other acceptable points: it improves product quality through competition; it educates the public on health and safety; it finances newspapers, radio and television.)
Three arguments AGAINST advertising
- It increases the price of goods. The heavy cost of advertising is added to the selling price and ultimately borne by the consumer.
- It can mislead and deceive. Exaggerated or false claims persuade people to buy inferior or harmful goods they do not really need.
- It encourages wasteful spending. Persuasive advertising creates artificial wants, leading consumers to spend on non-essential items.
(a) (b) Six advertising media used in West Africa
- Television
- Radio
- Newspapers and magazines
- Posters, billboards and hoardings
- Handbills, leaflets and catalogues
- The internet and social media
(Also acceptable: cinema, town criers, mobile vans with loudspeakers.)