This document discusses the key elements of effective advertising. It explains that ads must understand the product, consumer, and marketplace. Ads should satisfy consumer objectives by engaging them and delivering a relevant message, while also achieving advertiser objectives. The document outlines consumer objectives like entertainment and information, and advertiser objectives like gaining attention and convincing consumers to change purchasing behavior. Finally, it discusses the different effects an ad should achieve, such as perception, learning, persuasion, and behavior change.