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
liubo4ka [24]
3 years ago
9

When the ABC Corporation first opened their doors for business, they had no idea how much to allocate to promotional expenditure

s. They decided that if they wanted to be as successful as their leading competitors, they needed to invest in the brand to the same level. After tracking the marketing tactics of the competition, they were able to estimate the costs and develop a realistic budget that the marketing director was able to spend throughout the year to achieve their communications goals. This is an example of a(n) _____________, fill in the blank, approach to budgeting.
Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

Competitive parity

Explanation:

You might be interested in
What is the first step involved in developing and implementing a social media marketing campaign?
const2013 [10]

Answer:

The first and foremost step is the determine the budget and also to identify the goals and the strategy.

Explanation:

In order to develop and implement or execute the social media marketing campaign or plan one need to follow the following six essential or vital steps:

Step 1: Decide or Determine the Objective and Budget

Step 2: Identify or recognize the Target Audience

Step 3: Create the Message

Step 4: Develop or spread the Media Strategy

Step 5: Implement or execute the Marketing Campaign

Step 6: Last step is to measure and analyze the Results or outcomes

Therefore, the first step is to decide the goals and the budget.

4 0
3 years ago
Western Company is preparing a cash budget for June. The company has $10,100 cash at the beginning of June and anticipates $31,9
Anna71 [15]

Answer:

Borrow $6,300.

Explanation:

The company has $10,100 cash at the beginning of June

and anticipates $31,900 in cash receipts

and $38,300 in cash disbursements during June.

This gives a positive balance of (10,100 + 31,900 - 38,300) $3,700 and

To maintain the $10,000 required balance, during June the company must:Borrow $6,300.

8 0
3 years ago
Read 2 more answers
Nelson Company's Radio Division currently is purchasing transistors from Charlotte Co. for $3.50 each. The total number of trans
melamori03 [73]

Answer:

The range of possible transfer is $ 3.25 to $ 3.50

Explanation:

Data provided:

The purchasing cost of the transistor = $ 3.50

The total number of transistors needed = 8,000

The production cost of the transistor = $ 4.00

The included variable cost = $ 3.25

The included fixed cost = $ 0.75

Now,

the fixed cost cannot be altered, thus it will be there

hence,

the variable cost will be the factor that will evaluate the decision i.e $ 3.25

therefore, the <u>range of possible transfer is $ 3.25 to $ 3.50</u>

3 0
2 years ago
When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates
snow_tiger [21]

Answer:

1. How the nation allocates resources

Explanation:

Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.

For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.

So the discovery of economic changes will most likely influence how the nation allocates resources.

5 0
3 years ago
Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y
Flauer [41]

Answer:

The balance in the account = $851.8

Explanation:

The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

.

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

<em />

FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

n- Number of period

PV - 300

r-11%

DATA

FV- ?

PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

3 0
3 years ago
Other questions:
  • Economist george stigler once wrote that, according to consumer theory, “if consumers do not buy less of a commodity when their
    10·2 answers
  • Elana works an average of 60 hours each week. she wants to have a great work-life balance. how can she improve her social/emotio
    11·1 answer
  • I haven't studied accounting in a well can some one please help me?
    12·1 answer
  • The balance of the Allowance for Doubtful Accounts account at January1 of the current year was $6,800. During the year, accounts
    10·1 answer
  • Distinct characteristics of service operations include which of the following?
    9·1 answer
  • Roland and Quan are both on the staff of a car dealership. Roland is always asking colleagues to cover his shifts, but he never
    12·1 answer
  • Ron,a new associate at Barkley and Sons,is working to cultivate personal relationships with individuals outside of his departmen
    9·1 answer
  • What is the Future of TV going to Look Like?
    13·2 answers
  • If the annual real rate of interest is 5% and the expected inflation rate is 4%, the nominal rate of interest would be approxima
    14·1 answer
  • What's the permanent marker used primarily for marking datums when measuring elevation?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!