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!_____________ explains major features and benefits, location, sales, and new offerings of the product.

A. Advertising
B. Product promotion
C. Direct Selling
D. Visual Merchandizing

User Sgargel
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Final answer:

Advertising explains major features, benefits, location, and new offerings of a product, influencing sales and profits by differentiating it in the market.

Step-by-step explanation:

The component responsible for explaining the major features and benefits, location, sales, and new offerings of a product is A. Advertising. Advertising plays a critical role in communicating the distinctive aspects of a product's physical attributes like an unbreakable bottle or nonstick surface, among others. Moreover, it highlights how the location of a business, such as a gas station at a busy intersection or a supplier near a car factory, can significantly impact sales and customer convenience.

In the context of monopolistic competition, advertising can make a firm's perceived demand curve more inelastic or increase the demand for the firm's product. An effective advertising campaign can enable a firm to either sell more products or charge higher prices, ultimately boosting profits.

User Sdfx
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