Asked by Cameryn Stewart on Jun 04, 2024

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Which element of a marketing plan allocates financial resources across activities?

A) competitive advantages
B) situation assessment
C) value chain
D) budget

Competitive Advantages

The conditions or attributes that allow a company to produce goods or services better or more cheaply than its rivals, leading to a market advantage.

Situation Assessment

The process of evaluating the current state of an environment or situation to make informed decisions.

Value Chain

Refers to the full range of activities that businesses go through to bring a product or service from conception to delivery and beyond.

  • Comprehend the parts and significance of a marketing scheme.
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TN
Trang NguyenJun 07, 2024
Final Answer :
D
Explanation :
The budget element of a marketing plan involves allocating the financial resources across various marketing activities, such as advertising, promotions, sales, and distribution channels. It is crucial to ensure that the budget is in line with the objectives of the plan and that it is utilized optimally to achieve maximum returns.