1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
You might be interested in
Multiple Select Question Select all that apply Which of the following are facility-level activities? Human resource hiring fairs
Olenka [21]

The full question is:

Which of the following are facility-level activities? (select all that apply)

a. Paying factory insurance

b. Setting up factory equipment

c. Arranging for shipping products to a customer

d. Property taxes on plant

Answer:

Paying factory insurance

Property taxes on plant

Explanation:

Facility level activities are defined as those activities that cannot be traced to a particular product, but are carried out to maintain the general operations of a business. They are also called business sustaining activities.

Examples include depreciation, cost of security, cost of maintenance and taxes.

These activities need to be executed seamlessly by the business if they want to maintain efficiency of the production process. For example if machines are not maintained according to maintenance schedule, they can breakdown and cause delays in production.

7 0
3 years ago
Read 2 more answers
Is money the root of all evil?
SCORPION-xisa [38]

Answer:

No

Explanation:

the lo.ve of mone.y is a root of all kinds of e.v.il” or simply “for the love of money is the root of all e.vil.” Not m.oney itself, but the love of money. That's a key dis.tin.ction. Money itself is neither good nor e.vil.

hope it helps

:DD

5 0
2 years ago
Read 2 more answers
You have just received a windfall from an investment you made in a​ friend's business. He will be paying you at the end of this​
ohaa [14]

Answer:

a. $80,318.70

b. $97,568.57

Explanation:

Here is the full question :

You have just received a windfall from an investment you made in a​ friend's business. She will be paying you $ 15 comma 555 at the end of this​ year, $ 31 comma 110 at the end of next​ year, and $ 46 comma 665 at the end of the year after that​ (three years from​ today). The interest rate is 6.7 % per year. a. What is the present value of your​ windfall? b. What is the future value of your windfall in three years​ (on the date of the last​ payment)?

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = $ 15,555

Cash flow in year 2 = $31,110

Cash flow in year 3 =  $ 46,665

I = 6.7%

Present value = $80,318.70

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

$80,318.70(1.067)^3 = $97,568.57

3 0
3 years ago
A negative attitude can lead to
vodka [1.7K]

Negative attitude can lead to high turnover

8 0
2 years ago
The Hawthorne studies began as the type of experiment recommended by Scientific Management. Researchers were trying to find the
3241004551 [841]

Answer:

George Elton Mayo

Explanation:

Based on the scenario being described within the question it can be said that the individual being mentioned is George Elton Mayo. Mayo was an Australian Psychologist who was born on December 26, 1880. Mayo greatly contributed to the creation of the management theory which helped establish modern human relations management methods as well as creating the frame and focus on social dynamics.

5 0
3 years ago
Read 2 more answers
Other questions:
  • How does the brand of popcorn affect the amount of popcorn popped?
    7·1 answer
  • Strategic management reflects the firm's actions to achieve its mission and vision as seen by its _________.
    13·1 answer
  • Janitor Supply produces an industrial cleaning powder that requires 48 grams of material at $0.10 per gram and 0.15 direct labor
    11·1 answer
  • What will be the depreciation, via the straight line method, if the cost of a plant is $43,250, estimated disposal value is $3,2
    8·1 answer
  • Metro Facilities, Inc., contracts to sell a parking garage to Nouveau Property Company. The contract provides that if Metro does
    10·1 answer
  • "Have you considered paying workers for what they produce? I found that when I paid employees by the piece, their productivity w
    13·1 answer
  • On November 1, Arvelo Corporation had $40,500 of raw materials on hand. During the 9) month, the company purchased an additional
    9·1 answer
  • The Wheeler-Lea Act: a. expanded the FTC's authority to regulate advertising. b. limited the FTC's authority to regulate only ad
    5·2 answers
  • A falling price level is a symptom of an unhealthy economy, if prices have fallen due to _________. It is symptom of a healthy e
    6·1 answer
  • The predetermined overhead rate is calculated Blank______. Multiple choice question. after the period is over before the period
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!