PRINCIPLES OF MARKETING W/ MYLAB 2019
2019th Edition
ISBN: 9780135983324
Author: Kotler
Publisher: PEARSON
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Chapter 14, Problem 14.13AC
Summary Introduction
Case summary:
By using the percent of sales approach the advertisers can set their budget at a specific percentage on the forecasted and current sales. But there is no clear percentage to use. So marketers will look into the competitors spending and industry average for the purpose of comparison.
The details of these two will be available in the in websites to guide the marketers.
To classify: The reason for the some industries having higher advertising-to-sales ratio compared to others.
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Using the percent of sales method, an advertiser sets its budget at a certain percentage of current or forecasted sales. However, determining what percentage to use is not always clear. Many marketers look at industry averages and competitor spending for comparisons. Websites and trade publications publish data regarding industry averages to guide marketers in setting the percentage to use.
Find industry advertising-to-sales ratio data. Why do some industries have higher advertising-to-sales ratios than others?
Determine the advertising-to-sales ratios for two competing companies and compare them to the industry advertising-to-sales ratio found above. Why do you think there is a difference between competitors and the industry average?
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1) in what way is OOH considered supplementary?
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Chapter 14 Solutions
PRINCIPLES OF MARKETING W/ MYLAB 2019
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