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ivanzaharov [21]
3 years ago
5

Colin McKinney, director of marketing for Greenwald Industrial Products, complains to his advertising director that the continui

ng slump in orders has apparently been perpetuated by the firm's failure to have the necessary advertising expenditures. Based on this information, Greenwald is most likely using the ____ approach to determine its advertising expenditures.
Business
1 answer:
sladkih [1.3K]3 years ago
6 0

Answer:

Percent of sales.

Explanation:

Percentage of sales approach leads to a peculiar selection. It increases advertising expenditures when business is good, and reduces them when sales are poor.

There are two steps  to do the budgeting:

Step 1: past advertising dollars/past sales = % of sales.

Step 2: % of sales X next year’s sales forecast = new advertising budget.

In most cases, it would be reasonable to expect that the reverse should be true if we are to accept the basic definitions of advertising and its sales values.

It is based on the erroneous assumption that "sales cause advertising" whereas the reality is just the opposite (advertising causes sales) .

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Explanation:

Here is the complete question:

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The consideration of future consequences scale is intended to measure the extent to which an individual considers the future whe
Bingel [31]

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3 0
3 years ago
Which of the following people are structurally unemployed? Select all answer options that apply. Choose one or more: A. A worker
a_sh-v [17]

Answer:

Structural unemployment is present in case of A, B, C, and D.

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8 0
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Ksenya-84 [330]

Answer:

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Explanation:

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