Ashutosh Mishra Galgotias Business School Advertisement
Advertisement is a form of communication
intended to persuade an audience (viewers, readers or listeners) to purchase or take some action upon products or services. It includes the name of a product or service and how that product or service could benefit the consumer. Social Aspects of Advertising
Positive Social Impacts
Advertising as a public welfare is a positive social impact. Advertising also acts as an educator in the sense that it educates people what is good and what is bad for them. Advertisement increases the standard of living. Social Aspects of Advertising
Negative Social Impact
Advertising plays with emotions and encourages people to think that buying and depleting are the activities of life. Advertising is superficial because many ads carry little actual product information Some ads create confusion and misunderstanding. Economical Aspects of Advertising
Without advertising, the media including
newspapers, television and radio would have never been much strong. we can see a major economic infrastructure based around advertising, in which the big companies fund subsidize the commercial media in the way of advertisements. Economical Aspects of Advertising
The major economic negative aspect of
advertising is that it boosts the price of goods and services A country’s level of ad spending is proportional to its standard of living. Ethical Aspects of Advertising
Ethics are the moral standards against which
behavior is judged. Advertising to Children—Issues – Advertising promotes superficiality and materialism in children. – Children are inexperienced and easy prey. – Persuasion to children creates child-parent conflicts. Ethical Aspects of Advertising
Advertising Controversial Products
– Critics question the “targeting” of minorities. Tobacco, alcohol, gambling and lotteries are product categories of greatest concern. Legal Aspects
In India there is Advertising Agency’s
Association of India (AAAI) that supervises the affairs of the industry. There is a body called Advertising Standards Council of India (ASCI), which looks at issues pertaining to regulation of advertising. The advertising of controversial products such as cigarettes and Liquor is subject to government regulation in many countries. For instance, the tobacco industry is required by law in India to display statutory warnings cautioning consumers about the health hazards of their products. Key Regulatory Agents – Federal Trade Commission (FTC) Wide range of regulatory programs and remedies – Federal Communications Commission (FCC) – Food and Drug Administration (FDA) – U.S. Postal Service – Bureau of Alcohol, Tobacco, and Firearms
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