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Questions and Answers
What is the primary focus of marketing budgets?
What is the primary focus of marketing budgets?
- Allocating resources for promotional activities (correct)
- Maximizing profits through cost cutting
- Ensuring compliance with financial regulations
- Investing in long-term research and development
What is the purpose of introducing marketing budgets?
What is the purpose of introducing marketing budgets?
- To reduce the need for marketing strategies
- To provide a framework for managing marketing expenses (correct)
- To eliminate the role of marketing in business operations
- To create unnecessary financial constraints for marketing teams
How do marketing budgets contribute to business growth?
How do marketing budgets contribute to business growth?
- By optimizing the use of financial resources for marketing activities (correct)
- By hindering innovation and creativity in marketing initiatives
- By discouraging collaboration between marketing and sales teams
- By restricting the reach and impact of marketing campaigns
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