Firms may advertise their products in order to

Question

Quizplus · Accepted Answer

Firms advertise their products for various reasons, including creating barriers to entry by establishing a brand image or loyalty, providing information to consumers about the product's features or benefits, increasing demand for their product by creating awareness and interest, and differentiating their product from competitors. Hence, all of the options above are viable reasons for firms to advertise their products.

Firms May Advertise Their Products in Order to