2021
DOI: 10.25115/eea.v39i5.5075
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Improving Approaches to the Formation of Enterprise's Marketing Budgets

Abstract: This article discusses the importance of optimizing advertising budgets for enterprises in the face of fierce competition for the consumer. It highlights the principles that business owners should consider when developing a marketing budget and notes the change in the influence of marketing in the sales funnel. The process of optimization of advertising budgets is presented.Also, the main approaches and methods of forming the marketing budgets of enterprises are highlighted. The method is considered in detail,… Show more

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Cited by 2 publications
(2 citation statements)
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“…Bondarenko, O. et al discuss and analyze the importance of optimizing the advertising budget in the management of business operations and emphasize the changes in the influence of marketing in the sales channel. The main ways and methods of formation of the marketing budget of the enterprise are analyzed and recommendations are made for the allocation of the budget within the advertising channel [18].…”
Section: Introductionmentioning
confidence: 99%
“…Bondarenko, O. et al discuss and analyze the importance of optimizing the advertising budget in the management of business operations and emphasize the changes in the influence of marketing in the sales channel. The main ways and methods of formation of the marketing budget of the enterprise are analyzed and recommendations are made for the allocation of the budget within the advertising channel [18].…”
Section: Introductionmentioning
confidence: 99%
“…Strategic factors for ensuring competitiveness are human capital, knowledge, skills and continuous professional development of the personnel of agricultural enterprises (Chernoivanova et al, 2023). Meeting the needs of buyers (consumers) and gaining competitive advantages also requires an effective marketing strategy and tactics for the enterprise in the market (Bondarenko, 2021). Formation of factors ensuring competitiveness and achieving competitive advantages for agricultural business entities is possible only with an effective investment policy of management (Iastremska et al, 2023).…”
Section: Introductionmentioning
confidence: 99%