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Ashley606hernandez
18.04.2020 •
Business
Without doubt, the recommendation promotional budgeting technique is the objective and task approach. et, there is one major problem/ obstacle to overcome if one plans to use thath approach. what is major problem/obstacles associated with the objective and task approach?
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Ответ:
The major challenge is cost estimation.
Explanation
The objective and task method are one of the most widely and most accepted methods for budgeting for advertisements in a company.
It involves a series of very logical steps:
Defining the specific objectives of the Marketing UnitSet advertising objectives in relation to profit, turnover, competitive stability, loyalty to the brand, etc.break-down of objectives into actionable tasksForecast the cost associated with each of the actionable tasks defined within the period when it must be executedMatch all cost with budgetFrom the steps highlighted above, the primary challenge with utilizing the Problem/Obstacle approach to decision making it that it comes with the difficulty of correctly or accurately estimating the costs necessary to accomplish the goals.
Objectives, planning and breaking down tasks are all internal to the organization. The costs associated however is always external and outside of the control fo the budgeting team.
Cheers!
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