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The statement given in the question about cost of ad placement on social media platform is True

In order to reach target audiences, paid ad campaigns are done on social media platforms as a subset of digital marketing. Through the popular social media platforms that people use, marketers and advertisers can raise awareness of their businesses and encourage purchases. Five elements make up an effective social media advertising campaign: Overview of the campaign, Target Audience, Creatives for the campaign, Social Media Platforms. Budget and success metrics for campaigns. A marketing strategy that might assist you in reaching out to potential clients and persuading them to purchase your goods or services is advertising. You can enhance client reach with the aid of an efficient advertising strategy. increase consumer awareness of your company and brand.

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