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Dear Class,
I can see that good discussion going on about brand equity? How much we should be spending on advertising versus sales promotion is mainly based on many factors; I disagree one formula suits all organisation in this dynamic global business environment. The size of the organisation, nature and characteristics of business, management decision will determine budget. Most of the time what the organisation can afford for SMEs. Buil et al., (2013) examined the role of of advertising and sales promotions in brand equity creation.
Could you read the article, share the knowledge gained and your opinion?
Reference below:
Buil, I., De Chernatony, L., & MartÃnez, E. (2013). Examining the role of advertising and sales promotions in brand equity creation. Journal of Business Research, 66(1), 115-122.
http://www.uniprozhe.com/wp-content/uploads/Examining-the-role-of-advertising-and-sales-promotions-in-brand-equity-creation.pdf
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