Promotes unreasonably high costs per unit. Reduces total quantity of goods consumers can buy. Each group devises a Concept Inventory relative to the topic. Indicate the extent to which you agree or disagree with each statement. Once started elimination of advertising has deteriorating effects on sales.
Advertising redistributes income rather than increasing income.
In some industries advertising is such a large part of costs that it constitutes an important financial barrier. Advertising helps to create demand and adds to sales, consumption, investment, jobs, mass production, and profits. Although the majority of advertisers are honest, some are unscrupulous. Advertising is unnecessary and wasteful. The cost of advertising increases consumer prices.