The belief that advertising equals _____ reflects traditional economic thinking that views advertising as a way to change consumers' tastes,lower their sensitivity to price,and build brand loyalty among buyers of the advertised brand.

Question

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Traditional economic thinking suggests that advertising creates market power by influencing consumer preferences, reducing price sensitivity, and fostering brand loyalty, which can give a company a competitive edge in the market.

The Belief That Advertising Equals _____ Reflects Traditional Economic Thinking