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Sauron [17]
3 years ago
11

In the competitive-parity method of setting an advertising budget, the budget is set based on ________. Group of answer choices

objectives set by the company and the cost required to accomplish them the amount spent by similar companies in the same industry a percentage of future sales a percentage of current sales the total revenues that a company makes
Business
2 answers:
telo118 [61]3 years ago
8 0

Answer:

In the competitive-parity method of setting an advertising budget, the budget is set based on <u>competitors’ advertising activities and costs for setting advertising budget.</u>

Explanation:

In competitive Parity Method,competition is one of the powerful factors affecting marketing strategy and performance.

This is evident during board meeting presentation by marketing and advertising strategists. The give the information gathered from research about other competitive firms budget because they know that competitive factor is given more importance in deciding advertising budget.

For instance, if their close competitors spend 4.5% of net sales on their advertising budget, the company will plan to spend, more or less.

That is the information that the budgeting committee enters on the budgeting plan for the period in view.

Here, there is a general belief that “competitors or leaders are always right.” thereby making decisions about budgeting competition driven.

This method considers the competitors’ advertising activities and costs for setting advertising budget. The advertising budget is fixed on the basis of advertising strategy adopted by the competitors.

tia_tia [17]3 years ago
7 0

Answer:

Explanation:

In the competitive parity method of setting an advertising budget, the organizations set the financial backing dependent on different organizations. They set their spending limit dependent on the sum spent by comparative organizations in a similar industry. This permits them to stay serious.

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The average temperature in san francisco, california, for december, january, and february is 11°c (52°f). during the same three-
IRINA_888 [86]
Heating Degree Days

In comparison to San Francisco, Richmond, Virginia has a higher high temperature and a lower low temperature. And San Francisco has a more steadily averaged temperature for both highs and lows throughout the year, less extreme variation.

And although the average winter temperatures discussed in the question is significantly lower for Richmond, the issue with having similar amounts of heating degree days, relates to the outside air temperature falling below 65 degree Fahrenheit.

A heating degree day corresponds to the time when it is necessary to heat a building due to the outside air temperature falling below this threshold - the level or number of 65 degrees. 

Though seasonal differences exist for both San Francisco and Richmond, as presented by the winter average differences, both of these cities fall below the 65 degree Fahrenheit level or Heating Degree Days at a similar rate, but San Francisco is not as much. Both cities transition to above this temperature during the warmer months, San Francisco by a smaller amount than Richmond, but like Richmond, still above the 65 degree level.
3 0
3 years ago
Why is it so important to have a checking account?
BaLLatris [955]

Checking account makes one's money available when and where you need it while also keeping it safe.

Let first understand that Checking account is an account that facilitates easy withdrawal and deposit at any period of time while Saving account is an account used primarily for savings.

  • Usually, a saving account does not allow withdrawal until maturity period, but the Checking account is opposite because its an account that is made ready for withdrawal of money therein.

In conclusion, a debit card are issued with the Checking account to ensure your money is available when and where you need it.

Learn more about Checking account here

brainly.com/question/22029777

3 0
2 years ago
[21] Bear Co. prepares its statement of cash flows using the indirect method. Bear sold equipment with a carrying value of $500,
ehidna [41]

Answer:

B. $100,000 subtraction from net income $400,000 cash inflow

Explanation:

The income statment will include a loss on disposal.

The book value is 500,000 and was sold at 400,000

The loss on disposal will be 100,000

For the cash flow statement will recognize the cash proceeds from investment activities. It will ignore the loss on disposal. Cash generated on disposal of equipment will be 400,000

A.- INCORRECT the net income decrease, as it was a loss, not a gain.

C.- INCORRECT the net income decrease, as it was a loss, not a gain.

D.- INCORRECT the cash flow will recognize the amount of cash received. Which is 400,000 not 500,000.

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3 years ago
Assume someone organizes all farms in the nation into a singleminusprice monopoly. As a​ result, the price consumers pay for foo
hodyreva [135]

Answer:

E. might rise or fall depending on whether the​ monopoly's marginal revenue curve lies above or below its demand curve.

Explanation:

In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.

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3 years ago
An employee who is entitled to a fair hearing in the case of a dismissal from a job is an example of
irakobra [83]
<span>In a situation where there is a case is of an employee being dismissed from a job, he/she is entitled to a fair hearing if he/she wishes. This is an example of rights-based ethics as well as justice-based ethics.</span>
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3 years ago
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