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Tobacco Marketing Increased to $9.6 Billion in 2012. Efforts to Fight Tobacco Use Must Also Intensify.
The Federal Trade Commission's latest reports on tobacco marketing are a timely reminder that the tobacco companies are as relentless as ever in marketing their deadly and addictive products, often in ways that entice kids. The huge sums spent on price discounts are especially troubling, making tobacco products more affordable and appealing to price-sensitive kids.
Pricing is one of the building blocks of marketing that appears to be easy to understand, but is probably one of the most difficult. Many think it is easy because we all buy products that have prices, and many believe all you have to do is sell the product for more than it costs you to earn a profit.