How can a company decide on its advertising budget?

English

2 answers:

Likurg_2 [28]3 years ago

7 0

Answer:

A company can decide on its advertising budget by competitors expenditure.

algol133 years ago

3 0

Answer: Percentage of Sales

Another way that companies can determine their ad spending is to take the sales they had for the previous year and then allocate a specific percentage of that number towards advertising. This method can also be done by forecasting sales for the upcoming year and using a percentage of that number.

Good luck !

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