Norma has been given the responsibility of determining the advertising appropriation for her firm's newest marketing campaign. At first she thinks that determining the advertising objectives and breaking them into tasks is the best way. However, Norma notices that past sales have been relatively constant, she multiplies the firm's past sales by a standard percentage based on what her firm usually spends on advertising. Norma is using the ________________ approach. The problem of this approach is that it assumes _________________________.
A. objective-and-task; the effort required is minimal
B. objective-and-task; advertising creates sales
C. percent-of-sales; advertising creates sales
D. objective-and-task; sales create advertising
E. percent-of-sales; sales create advertising
Answer: E
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A) increasing B) declining C) improving D) horizontal E) vertical
In the ________ organizational pattern, the main idea comes first, followed by details, explanation, or evidence
Fill in the blank(s) with correct word
A brokerage account that lets you borrow is known as a
A) margin account. B) cash account. C) trading account. D) options account.
Abigail is financing her first home. She is borrowing $125,000. Her bank is loaning her the money for 15 years at an APR of 5.7%. What will Abigail's monthly mortgage payment be?
A) $958.75 B) $998.22 C) $1,001.44 D) $1,034.67