Practice Forecasting & Budgeting (5) - Advanced Digital Marketing Strategy & Planning
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Forecasting & Budgeting

Practice - Forecasting & Budgeting

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What does CAC stand for?

💡 Hint: Think about the expenses involved in gaining new customers.

Question 2 Easy

What is the first stage in the marketing funnel?

💡 Hint: Consider what helps customers learn about your product.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is the primary purpose of funnel-based budget allocation?

To maximize customer engagement
To allocate resources efficiently at different funnel stages
To eliminate unnecessary expenses

💡 Hint: Consider the stages customers progress through before making a purchase.

Question 2

True or False: Marketing mix modeling focuses solely on social media advertising efficacy.

True
False

💡 Hint: Think about the variety of platforms businesses use in marketing.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Create a hypothetical marketing budget for a new product launch, using the funnel-based approach. Outline how much to allocate at each funnel stage and justify your decisions with data.

💡 Hint: Use your knowledge of the funnel stages and historical data to guide your allocations.

Challenge 2 Hard

Analyze a case study where CAC is over 150% of the industry average. Propose actionable strategies to lower CAC while maintaining customer acquisition rates.

💡 Hint: Consider strategies that innovate while being cost-effective.

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Reference links

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