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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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