Advertising that conveys information about the existence of new products results in which of the following

Question

Quizplus · Accepted Answer

Advertising that conveys information about the existence of new products enhances the ability of markets to allocate resources efficiently. This is because it enables consumers to become aware of new products that can potentially satisfy their needs and wants. As a result, consumers can allocate their resources more efficiently by making informed decisions about which products to buy, and producers can better allocate their resources by identifying consumer demand for new products.

Advertising That Conveys Information About the Existence of New Products