Question

What are the various ways to set promotion budget? Explain the advantages and disadvantages of each of these.

Answer 1

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◆ Promotion Budget is a specified amount of money set aside to promote the products or beliefs of a business or organization.

● Promotional budgets are created to anticipate the essential costs associated with growing a business or maintaining a brand name.

● Different methods are mentioned below

◆ Affordable method.

◆ Percentage of sales method.

◆ Competitive parity method.

◆ Objective and task method.

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⭐ BY CUTE EINSTEIN ⭐

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