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Critics Charge That High Advertising and Promotion Costs Unnecessarily Increase

Question 3

Multiple Choice

Critics charge that high advertising and promotion costs unnecessarily increase retail prices.Marketers would most likely respond to this criticism by arguing that advertising adds ________.


A) only psychological value
B) value by providing information about product availability and merits
C) quality to the product
D) functional value to the product
E) economic value to the product

Correct Answer:

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