Solution: There are basically 5 types of advertising agencies.
Full Service Agencies
• Large size agencies.
• Deals with all stages of advertisement.
• Different expert people for different departments.
• Starts work from gathering data and analyzing and ends on payment of bills to the media people.
Interactive Agencies
• Modernized modes of communication are used.
• Uses online advertisements, sending personal messages on mobile phones, etc.
• The ads produced are very interactive, having very new concepts, and very innovative.
Creative Boutiques
• Very creative and innovative ads.
• No other function is performed other than creating actual ads.
• Small sized agencies with their own copywriters, directors, and creative people.
Media Buying Agencies
• Buys place for advertise and sells it to advertisers.
• Sells time in which advertisement will be placed.
• Schedules slots at different television channels and radio stations.
• Finally supervises or checks whether the ad has been telecasted at opted time and place or not.
In-house Agencies
• As good as the full service agencies.
• Big organization prefers these type of agencies which are in built and work only for them.
• These agencies work as per the requirements of the organizations.