Question

What factors are used in the rule-of-thumb methods to determine the communication budget?.

Answer 1

The factors that are used in the rule-of-thumb methods to determine the communication budget is "Prior sales and communication activities".

What is rule-of-thumb method?

The rule of thumb would be a cognitive guideline that offers basic guidelines or guidance that is distilled for a certain topic or course of action.

Some characteristics of rule-of-thumb are-

• A general rule of thumb an unofficial practical guidance that offers streamlined rules that generally apply.
• Numerous financial rules of thumb provide advice on how much should be saved, how much should be paid for a home, where and how to invest, and other topics.
• Rules of thumb may not apply to your specific scenario because they not scientific and don't take into consideration the unique circumstances and demands of each individual.
• It is a fundamental principle that provides step-by-step guidelines for carrying out or handling a specific task.
• In contrast to scientific study or a theoretical underpinning, rules of thumb typically emerge through experience and practice.

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