1.2.7 To increase market share.
Advertising can also be used to increase the market share of an organisation resulting from the acceptance of the products but the consumer and subsequent recognition of the brand.
1.3 FUNCTIONS OF ADVERTISEMENT
Advertising as a promotional mix element is expected to play some functions. Organisations usually employ advertisement to play the following functions.
1.3.1 To distinguish products from their competitors
Advertising has been found to be a useful promotional tool when it comes to distinguishing between the products of an organisation from their competitors. There are so many products in the market. Sometime the same types of products are competing in one market. It is even the case that other manufacture may imitate the products of another organisation though with an amount of difference in order to outwit the law that protects copyright. But these seemingly differences may be very difficult to detect especially when the products in question are convenience good. An advertisement if well packaged can be a means to communicating product differences of original products from imitations or from that of other competitors.
1.3.2 To communicate product information
Promotional tools are intended to inform, educate and to remind consumers about a product or service and its functionality. Advertisement can be used to play the above functions in an efficient and an effective way. In other words through advertisement one company can send its product information to all of the target audiences within the shortest possible time. This function also become very crucial when organisation will have to put up a counter information in order to dispel some doubts concerning its products usually engineered by consumers or other unscrupulous opportunists
1.3.3 To urge product use
A good promotional tool should have the ability to convince the consumer about the efficacy of the product or service or idea. Corporate organisations usually use advertisement to create the urge within consumers for a product. This explains why consumers are prepared to buy goods which they have not budget for due to an inner urge induced by good advertisement
1.3.4 To expand product distribution
When the market demand of a particular product increases, the retailer and distributor are engaged in the sale of that product. The organisation can adopt the use advertisement to consolidate their expansion programme.
1.3.5 To increase brand preference
There are various products with various brands. Consumers can be supported to make good preferences with the aid of advertisement. In this way advertisement serves to highlight the advantages and disadvantages among brands which provides enough information for the consumer to make a choice between brands
1.3.6 To reduce overall sale cost
Advertising increases the primary demand in the market. When demand is there and the product is available, automatically the overall price will decrease.
2.0 TYPES OF ADVERTISING
There are many types of advertisement depending on the kind of classification system that is used. The following are the generally used to classify thereby dictating the typology of adverts. Function, Region, Target Market, Company demand, desired response and Media
2.1 Types of Advertisement based on function
Informative advertising This type of advertising informs the customers about the products, services, or ideas of the firm or organization. Examples: Fidany is offering 10 kg sugar for every. $2,000/- purchase everyday.
Persuasive advertising: This type of advertising persuades or motivates the prospective buyers to take quick actions to buy the products or services of the firm. Example: "Buy one, get one free."
Reminder advertising This genre of advertising reminds the existing customers to become medium or heavy users of the products or services of the firm that have been purchased by them at least once. This type of advertising exercise helps in keeping the brand name and uses of the products in the minds of the existing customers.
Negative advertising This type of advertising dissuades target audience from purchasing such products and services which would not only harm them but also the society in general. Examples: Advertisements of various civic authorities against alcohol, tobacco, and narcotics.
2.2 Types of Advertisement based on geographical location
Global advertising It is executed by a firm in its global market niches. Reputed global magazines like Time, Far Eastern Economic Review, Span, Fortune, Futurist, and Popular Science. Cable TV channels are also used to advertise the products through out world. Supermodels and cinema stars are used to promote high-end products Examples: Sony, Philips, Pepsi, Coca Cola, etc.
National advertising It is executed by a firm at the national level. It is done to increase the demand of its products and services throughout the country. Examples: BPL (Believe in the best)....
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