Answer: There are several ways in which we can determine our marketing budget. Some of these are given below:
<u><em>1. Percentage of revenues:</em></u>
Under this method we usually take a fixed percentage of our revenues and further allocating this amount for marketing. We will choose the percentage that works best for us.
<u><em>2. Percentage of net sales:</em></u>
This method determines our marketing budget as a fraction of our net sales. This method will take a lot of trial and error to find the percentage that works well for our company.
<u><em>3. Industry specific:</em></u>
Nowadays, industries have specific projections as to the amount they will need to spend on marketing . The best way to get these numbers is to find a firm that represents our industry and ask them to provide us with averages. We can then refine the actual costs.
<em><u>4. Objective/task oriented
</u></em>
This is model that works by setting out goals, planning out the tasks and then estimating the cost for all of these tasks. It works greatly for firms who have a immense knowledge about measurements and information of their business processes.
It would be $6.99. All you have to do is divide the total (34.95) by pounds of coffee (5). 34.95 / 5 will give you 6.99! You can check this by doing 6.99 * 5, which would again give you 34.95. Contact me if you need any more help. :^)
6hrs = school
9hrs = sleeps = 18hrs // 24hrs ----6hrs left
3hrs = plays
6hrs = other things
playing = 12.5% -- 3/24 3/24*100
other things = 25% -- 6/24 6/24*100
Would it be 3/2 since it’s rise over run with 3 on the x line to 5 and 5 on the y line to 8
