How Much Should Be The Portfolio For Business Advertisement?

[Abigael]

The size of the business and what they hope to achieve in a given period of time should determine what is set aside for the advertisement budget.

Naturally a big company like sony, LG electronics and the likes would be able to spend more on advertisement than a small businesses and Enterprises.

That is right. The size of the business determines a lot on how much it will spend on advertisement. Big businesses require more money than small businesses. Also, it depends on how popular your business is. Most unknown businesses will have to spend more to create awareness.

 

[Chibson]

There is no specific amount of money that should be located for advertisement in a business venture. I think what really matters is the size of the business and the level of competition.

 

[Ononivami1]

There is no specific amount of money that should be located for advertisement in a business venture. I think what really matters is the size of the business and the level of competition.

Additionally, no amount of money set aside for advertisement in a company is too much because it's a way to improve the brand. The company that spent a lot on advertisement will definitely grow very quickly.

 

[Chibson]

One of the most important thing is the size of your business. It is what usually determines the amount of money you should allocate for advertising and marketing generally. Big business ventures always need a lot of marketing and advertisement.