In a study of U.S. recessions, McGraw-Hill Research analyzed
600 companies from 1980-1985. The results showed that business-to-business
Firms that Maintained or Increased
their Advertising Expenditures during the 1981-1982
recession Averaged
Significantly
Higher Sales growth, both during the recession
and for the following three years, than those that eliminated
or decreased advertising. By 1985, sales of companies that
were
Aggressive Recession Advertisers
had Risen 256% over those that didn't keep up their
advertising.
In addition, a series of six studies conducted by the research
firm of Meldrum & Fewsmith showed conclusively that
Advertising
Aggressively during Recessions not only Increases Sales but
Increases Profits. This fact has held true for
all post-World War II recessions studied by The American Business
Press starting in 1949.