Asked by zaimel moses on Jun 17, 2024
Verified
Which of these is least likely to be a major consideration in determining an advertising budget?
A) the role of advertising in overall promotional objectives
B) the product life cycle
C) the nature of the market
D) the budgeting method used
E) the nature of the product
Advertising Budget
The amount of money allocated by a business for promoting its products or services through various advertising media over a specific period.
Promotional Objectives
Specific goals set by businesses for their marketing campaigns, focused on increasing awareness, sales, or market share for a product or service.
Product Life Cycle
The progression of a product through different stages from its introduction to growth, maturity, and decline in the market.
- Understand the foundational principles in setting advertising objectives and budgets.
Verified Answer
Learning Objectives
- Understand the foundational principles in setting advertising objectives and budgets.
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