Advertising. Businesses need to advertise

Businesses need to advertise. If they did not advertise no-one would even learn of the existence of their wares. In part, advertising is aimed at conveying information to potential customers and clients, but it is also used to persuade the public to buy. This is the area in which adver­tising is often criticized. Advertisements are sometimes misleading. Although it is illegal for advertisers to make untrue statements about their goods, services or prices, they still make their wares seem unduly attractive. They pander to our egos and our vanities. They create a de­mand which would not otherwise exist.

It is easy to say, “I’m not influenced by the adverts!”. Everyone is influenced to a certain extent. There was recently some research on subliminal advertising. The word “coffee” was flashed on the television screen. It happened so quickly that no-one was aware it had happened. For just a fraction of a second it registered on the viewers’ subconscious. And what is the result? A surprising number of people chose to make coffee at that precise moment. Of course, it could have been a coincidence, but it was highly unlikely.

For the typical manufacturer advertising is a form of insurance. The nature and extent of consumer's needs have to be constantly as­sessed. If the needs are over-estimated it is possible, through advertis­ing, to soak up the surplus goods which have been produced. As a de­mand for a product sags, it can be stimulated. There are all sorts of useful by-products. Without the possibility of advertising the warehouses would be­come overfilled and the stocks would deteriorate, perhaps even becom­ing obsolete.

An alternative to advertising would be to lower prices when sales fall. This would suit the purchasers but introduce an element of uncertainty for the manufacturers. They are always concerned to ensure that their revenue exceeds their costs, and where would they be if there were daily fluctuations in the prices of their products?

Advertising goes far beyond television and boardings, newspapers and magazines. The manager of a clothes store is advertising by putting models wearing the store's clothes in the window. A bicycle manufacturer is advertising when he sends a new price-list through the post to his retailers. How could trading be carried on without such devices?

Some would even go so far as to say that advertising actually enriches our lives. Commercial television is able to provide us with free programmes thanks to its advertising revenues. National newspapers derive much of their revenue from advertising. Look at a typical newspaper and you will discover the proportion of the pages devoted to advertisements. We also have to thank advertisers for the free colour supplements to the Sunday newspapers.