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Estimate costs for a marketing campaign using the following data: Activity Estimated Cost ($) Research 100,000 Advertising 150,000 Promotions 80,000 Events 120,000 Requirements: Calculate the
Estimate costs for a marketing campaign using the following data:
Activity | Estimated Cost ($) |
---|---|
Research | 100,000 |
Advertising | 150,000 |
Promotions | 80,000 |
Events | 120,000 |
Requirements:
- Calculate the total estimated cost for the campaign.
- Present the estimation process in a table.
- Explain the methodology used for cost estimation.
- Identify potential sources of uncertainty in the estimation.
- Provide strategies for managing cost uncertainties.
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