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Advertising is the nonpersonal
communication of information
usually paid for and usually
persuasive in nature about
products, services or ideas by
identified sponsors through
the various media.
Affirmative disclosure
"Sometimes the consumer is provided not with
information he wants but only with the
information the seller wants him to have.
Sellers, for instance, are not inclined to
advertise negative aspects of their products
even though those aspects may be of primary
concern to the consumer, particularly if they
involve considerations of health or safety . . . "
Lewis A. Engman, FTC Chair
Puffery
The legitimate exaggeration of
advertising claims to overcome
natural consumer skepticism
Advertising is the nonpersonal
communication of information
usually paid for and usually
persuasive in nature about
products, services or ideas by
identified sponsors through
the various media.
Advertising is the nonpersonal
communication of information
usually paid for and usually
persuasive in nature about
products, services or ideas by
identified sponsors through
the various media.
Advertising is the nonpersonal
communication of information
usually paid for and usually
persuasive in nature about
products, services or ideas by
identified sponsors through
the various media.
The bundle of values
Functional value
Social value
Psychological value
Economic value
Imperceptible
Actual differences
Can’t be seen
Induced
No actual differences
Parity products
Advertising is the nonpersonal
communication of information
usually paid for and usually
persuasive in nature about
products, services or ideas by
identified sponsors through the
various media.
Advertising is the nonpersonal
communication of information,
usually paid for and usually
persuasive in nature about
products, services or ideas by
identified sponsors through the
various media
Has been around for a
long time
We still don’t know
what the Lascoux
paintings were for
For the first few
thousand years
advertising promoted
locations, services and
“want ads”.
Ad written on a Roman tomb
Weather permitting, 30 pairs of gladiators,
furnished by A. Clodius Flaccus, together with
substitutes in case any get killed too quickly,
will fight May 1st, 2nd, and 3rd at the Circus
Maximus. The fights will be followed by a big
wild beast hunt. The famous gladiator Paris
will fight. Hurrah for Paris! Hurrah for the
generous Flaccus, who is running for
Duumvirate.
Under the ad was written:
Marcus wrote this sign by the light of the moon.
If you hire Marcus, he’ll work day and night to
do a good job.