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Advertising

is the paid promotion of a BRAND in order to stimulate demand and is usually part of an overall promotional strategy that can include publicity, public relations, personal selling and sales promotion. Set up in 1843, Volney Palmer in Philadelphia, USA, is credited with being the first advertising agency. The emergence of such organizations was symptomatic of growing competition between companies during the nineteenth century, which, in turn, necessitated the development of new ways of obtaining and increasing market share. Then, with the proliferation of monopolies, CORPORATIONS faced the possibility that market prices would become fixed or change beyond their control. They therefore used advertising to promote a differentiation between products that would enable demand to be manufactured as a way of varying price and therefore maximizing profits.

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REFERENCES

  • Garvey, Ellen Gruber. The Adman in the Parlor: Magazines and the Gendering of Consumer Culture, 1880s to 1910s. New York: Oxford University Press, 1996.
  • Laird, Pamela Walker. Advertising Progress: American Business and the Rise of Consumer Marketing. Baltimore: Johns Hopkins University Press, 1998.
  • Lears, T. J. Jackson.Fables of Abundance: A Cultural History of Advertising in America. New York: Basic Books, 1994.
  • Pope, Daniel. The Making of Modern Advertising. New York: Basic Books, 1983.
  • Spears, Timothy B.100 Years on the Road: The Traveling Salesman in American Culture. New Haven, Conn.: Yale University Press, 1995.