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Assume that you have an app on your cell phone that allows you to walk up...

Assume that you have an app on your cell phone that allows you to walk up to any item in the supermarket, have your phone recognize it, and then display all the necessaey information about the product. Imagine that the app even tells you where and how it is made, and when it is predicted to go on sale next. This app would mean that a firm selling goods in this setting would (A - still need to advertise or B - no longer advertise) because..
A - advertising helps create consumer preferences
B - consumers have all the product details needed
C - this app will limit competition to one producer
D - this app will soon have so many competitors of its own
business   economics   
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Answer #1

This app would mean that a firm selling would (A- still need to advertise or B - no longer advertise) because

(A) advertising helps create consumer preferences. Advertisement helps consumer to have information of the homogeneous products and make better decisions in order to maximize the utility. In other ways advertisement helps businesses to grow and increase their sell volume by making consumer aware of their products and thus increasing revenue.

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