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Coca-Cola Company set a budget of $2.5 billion for marketing expenses but incurred actual expenses of $3 billion for the fiscal year 2020. Calculate the
Coca-Cola Company set a budget of $2.5 billion for marketing expenses but incurred actual expenses of $3 billion for the fiscal year 2020. Calculate the marketing expense variance and analyze the factors contributing to the variance, including changes in advertising strategies and promotional campaigns.
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