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Let's suppose that Goodyear Tire Co. uses a percentage-of-sales technique to determine its advertising budget. If Goodyear had annual sales of $1 billion and used

Let's suppose that Goodyear Tire Co. uses a "percentage-of-sales" technique to determine its advertising budget. If Goodyear had annual sales of $1 billion and used an advertising-to-sales ratio percentage similar to many firms in America, how much would it allocate for its advertising?

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$500 million

$200 million

$30 million

$1 million

$200,000

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