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Role of Advertisement in Modern Marketing

In: Business and Management

Submitted By komalkaushik
Words 1363
Pages 6
ROLE OFADVERTISING IN MODERN MARKETING

The History of Advertising can be traced to ancient civilizations. It became a major force in capitalist economies in the mid-19th century, based primarily on newspapers and magazines. In the 20th century. Advrtising history runs parllel to the history of mankind. Prior to the invention of printing press (1450A.D.) there were town criers who sold their goods through shouting.Advrtising is diffuclt to define its multi-dimensional .It is a powerful marketing tool it is a field of employement and a profession.
The American Marketing Assoction (AMA) defines Advertising as any paid form of non-personal presentation of ideas or goods and services by an identified sponser.
Advertising according to the above definition ,is a paid communation .Advertising is for wide range for product and services. Each advertising is sponserd byan identified party or an advertiser.
Advertising received a boost after the indudtrial revolution in England. Printing press invention also give a boost to advertising. Advertising messages started as hand bills (1477).
The first Indian agency was set up in 1905 in Girgaon, Mumbai .It was Dattaram and company .Indian advertisng completed its 110 years in 2015. Over these years, Indians advertising has had many change faces.
CONTRIBUTION TO ECONOMIC GROWTH
Advertising contributes to economic growth b7 helping to expand the market, particularly for new products, and by helping to develop new market segments .A Company which invests in research and development in order to develop new product has to depend a great deal on advertising for establishing the market for this product. Advertising is also a potent vehicle for achieving acceptance of desirable and useful concepts and ideas where the profit motive is minimal or missing all together. This may be seen in the case of non profit objectives,…...

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