Name the Various Stakeholders Who Are Impacted by Marketing and Give

question 108

Essay

Name the various stakeholders who are impacted by marketing and give one example of how each one might be impacted in a fictitious situation.

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Definitions:

Merchandiser Budget

A financial plan created by retailers detailing the forecasted revenues and expenses for a specific period, aiming to manage inventory, sales, and costs efficiently.

Manufacturer Budget

A detailed financial plan that projects the production costs, revenues, and resource requirements for a manufacturing company, subset of the master budget.

Master Budgets

A comprehensive financial plan for an organization, including all individual budgets related to sales, production, overhead, and capital expenditures.

Budget Coordinator

A person responsible for preparing, managing, and overseeing the budgeting process within an organization, ensuring financial resources are allocated efficiently.