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A consumer
Any registered voluntary organisation
Central or any State Government
A group of consumers with the same interest
the process
of
4.
What are the various factors
influencing in setting of budget?
that
are
Product
Competition
Market share
Market situation
Distribution system
Sales decay rate
Unexploited sales potential
Product
Various factors related to the product such as the product type, stage in the product
life cycle, complexity of features, brand differentiation, etc. affect the need for
promotion.
Competition
Needless to say, the larger the number of competitors and the stronger the
competition, the more a brand has to spend to make even a small noise. Also,
many companies determine their budgets