Final answer:
Advertising informs consumers, influences purchasing decisions, and drives sales in competitive markets.
Explanation:
Advertising plays a crucial role in informing consumers about products and services, helping them make informed purchasing decisions.
Advertisements are necessary for firms to distinguish themselves from competitors, increase awareness, and create desire among consumers to buy new products.
While advertising can be criticized for promoting consumption, it is essential for businesses in competitive markets to attract customers and drive sales.
Learn more about the role of advertising in promoting products and services here:
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