This demonstrably untrue otherwise there would be no reason for huge market controlling products to advertise. I don’t believe in the wisdom of the markets and I’m not sure why you do.
That’s not the case. The following two statements can be simultaneously true:
a sufficiently-good product would sell through word-of-mouth
corporate executives are not satisfied with the small amount of purchases this would generate, because they want more profit.
Advertising is a way to generate morepurchases (and so more profit), but it might be increasing from a non-zero amount.
I don’t think that the person you’re replying to is entirely correct (some products or markets really do require advertising to make consumers aware), but they’re closer to right than they are to wrong on a level playing field. But if the other side is using advertising, you basically have to do the same in order to remain competitive.
The fax machine was around in the 1800s. If they’d realized, they could have done wonders, but the product never really caught on until it was about thirty years from being replaced.
If your product is good, it will sell itself with the most minimal of advertising.
This demonstrably untrue otherwise there would be no reason for huge market controlling products to advertise. I don’t believe in the wisdom of the markets and I’m not sure why you do.
That’s not the case. The following two statements can be simultaneously true:
Advertising is a way to generate morepurchases (and so more profit), but it might be increasing from a non-zero amount.
I don’t think that the person you’re replying to is entirely correct (some products or markets really do require advertising to make consumers aware), but they’re closer to right than they are to wrong on a level playing field. But if the other side is using advertising, you basically have to do the same in order to remain competitive.
The fax machine was around in the 1800s. If they’d realized, they could have done wonders, but the product never really caught on until it was about thirty years from being replaced.