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Olenka [21]
3 years ago
10

Sam, the owner of a small company, learned that a competitor was planning to spend $150,000 on promotion in the next financial y

ear.
As soon as he learned this, Sam called his finance manager and said, "I want to spend $150,000 on promotion next year."

In this case, which method of promotional budgeting does Sam use?


A) the objective-and-task method
B) the competitive-parity method
C) the percentage-of-sales method
D) the affordable method
E) the pull-push method
Business
1 answer:
8090 [49]3 years ago
5 0

Answer:

The answer is, The competitive-parity method.

Explanation:

Promotional Budgeting is the process of estimating the expenses for a particular promotional project that is yet to be launched.

The competitive-parity method, primarily assumes that  the other firms have the same marketing objectives and know what they are doing. Based on this, the Advertising-expense budgeting method is decided under the basis of what a brand's or firm's competitors are estimated to be spending.

The other several popular ways to do this are,

  1. Percentage Method: a percentage of sales are taken to budget the costs
  2. Goal-and-Task Method: First you define a task, then you estimate the costs related
  3. Zero Method: This method emphasizes on keeping the promotional costs near to 0!
  4. the affordable method/What’s-in-my-Wallet Method: A method where company only spends what they can afford, often this is utilized by small businesses
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Answer:

The correct answer is C. This claim is most likely based on the right to substantive due process.

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Substantive due process is a means by which the government's ability to interfere with the fundamental rights of individuals is limited. In this case, the fundamental right violated is that of freedom of expression, guaranteed by the First Amendment. Thus, since it is a right with constitutional protection, the government cannot curtail its operation without the due legal process necessary for this purpose.

6 0
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OleMash [197]

Answer:

$3140

Explanation:

It is given that,

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elixir [45]

Answer:

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5 0
2 years ago
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8 0
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