Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION PROGRESS Click And Drag Introduction ick And Drag Match the Budgeting Approaches with the disadvantages assoclated with each of the methods Payout Planning Disadvantages

image text in transcribed
QUESTION PROGRESS Click And Drag Introduction ick And Drag Match the Budgeting Approaches with the disadvantages assoclated with each of the methods Payout Planning Disadvantages of Varlous Budgeting Approaches Budgeting Approaches It treats advertising as an expense associated with making a sale rather than as an investment; is difficuit to employ for new product Introductions. The Affordable Method Quantitative Models the long as sales continue to be the basis for evaluation, It is rarely possibie to assess earnings provided by the promotion effort, making It a difficult method to emplay Percentage of Sales Method Arbitrary Allocation Method s set of approaches has yet to reach its potential because of the need for further refinement, which limits its widespread success Firms have difficuity determining which specific actions will be required and the costs associated with each of those actions Objective and Task Method This approach is characterized by no systematic thinking, and has no Obhective and Task Methe It assumes that since firms have similar promotional expenditures, their promotions wil be equally effective. Competitive Parity Method comperitive Parity Method The logic for not getting into financial probiems may be true in an accounting sense; it may lead to budget outs in a recession, when the firm can benefit from maintaining or Increasing the budget. Return on Investment Method It isn't a pertect approach and works logically when used in conjunction with the objective and task method

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Sector Reform And Privatization In Transition Economies

Authors: John Doukas, Victor Murinde, Clas Wihlborg

1st Edition

044482653X, 9780444826534

More Books

Students also viewed these Finance questions

Question

1. Explain fieldwork in relation to social media.

Answered: 1 week ago