Based on the example in the student guide, what additional awareness does a promotion budget of $1,500,000 buy?

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19-08-2022
Business

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Based on the example in the student guide, what additional awareness does a promotion budget of $1,500,000 buy?

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-08-27T15:07:35+02:00

Based on the example in the student guide, additional awareness a promotion budget of $1,500,000 will buy is of 36%.

A promotional budget is a specified amount of money which is set aside to promote the products or any beliefs of a business or any organization. Promotional budgets are always created to estimate the essential costs which are associated with growing a business or maintaining a brand name.

The promotion budget is often set according to a percentage of sales or any profits for an established business, a percentage of the raised funds in the case of non-profit organization or a foundation, a percentage of startup costs or the use of funds in the case of any startup in order to maintain an expected growth rate.

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