Literature review reveals billboards enhance visibility and cost-effectiveness for small businesses, highlighting their value.
This article examines the effectiveness of billboards as a cost-effective promotional tool for Small and Medium Enterprises. Through a review of existing literature, the advantages and disadvantages of billboards are analyzed, including their broad reach, economic efficiency, and limitations. The analysis also considers the impact of outdoor advertising on business development, with particular emphasis on the relationship between cost and visibility. The study concludes that billboards can significantly contribute to the success of small businesses, especially at the local level.
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Georgiev et al. (2024) studied this question.
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