Explain Two Disadvantages of Proportionate Stratified Random Sampling

question 46

Essay

Explain two disadvantages of proportionate stratified random sampling.

Recognize the importance of evaluating promotion effectiveness.

Understand various promotional budgeting approaches and their implementation.

Recognize and apply objective and task budgeting in promotional activities.

Identify different forms of direct marketing and their effectiveness.

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Definitions:

Additional Shifts

Extra work periods added to a company's regular schedule to increase production or cover demand.

Financial Plan

A comprehensive evaluation of an individual's or organization's current pay and future financial state by using current known variables to predict future income, asset values, and withdrawal plans.

Forecast of Sales

An estimate of the future sales volume over a specific period, based on historical data, market analysis, and other factors.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.