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Find the term that best defines activities to increase client awareness of goods and services offered.

a) Advertising
b) Promotion
c) Marketing
d) Selling

1 Answer

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Final answer:

Advertising is the term that best defines activities designed to increase client awareness of goods and services, with the aim of informing and persuading an audience to recognize a company's offerings as distinct from competitors.

Step-by-step explanation:

The term that best defines activities to increase client awareness of goods and services offered is advertising. Advertising is a strategic effort to inform or persuade an audience about products and services with the goal of creating a differentiated image of a company's offerings compared to competitors.

In the context of monopolistic competition, effective advertising can make a firm's perceived demand curve more inelastic or increase demand for a firm's products, enabling the firm to sell more or at a higher price, enhancing profitability. It involves various creative methods such as commercials, billboards, and online marketing to ensure a consistent message across a variety of platforms, product differentiation being a key action to make consumers perceive products as unique.

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