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16 July, 21:30

In which industry structure is advertising and sales promotion likely to be most important?

(A) Perfect competition

(B) Monopoly

(C) Monopolistic competition

(D) All of the above are equally reliant on effective advertising and promotion

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Answers (1)
  1. 16 July, 22:00
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    In which industry structure is advertising and sales promotion likely to be most important?

    Perfect competition

    Explanation:

    A perfect competition entails the availability of numerous buyers and those that sells, there is need for advertisement and sales promotion in order to boost profit
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