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Advertising Management NotesIntroduction to AdvertisementDefinition and Objectives of AdvertisingFunctions & Classifications of Advertising Advertising Agency and its FunctionsTypes and Structure of modern Ad-agencySelection of Advertising AgencyThe Communication MixBuilding of Advertising ProgramAdvertising AppealsAIDA ConceptAdvertising Media CharacteristicsMedia Planning and SchedulingDAGMAR ApproachAdvertisement Evaluation and TestingRecall Recognition & PersuasionAdvertising BudgetAdministration & Control of BudgetRegulation of AdvertisingEthics in Advertising Marketing Management NotesNature & Scope of MarketingDefinition & Meaning of MarketingNature & Scope of Marketing ManagementMarketing ProcessMarketing Envi…

MBA Notes - Advertising Budget and Control

Question - What do you mean by advertising budget and control?

Answer
Definition of Advertising Budget
"Advertising budget is an estimated amount an organization decides to invest in its promotional expenditures over a period of time. An advertising budget is the money a company set aside to accomplish its marketing objectives." 

Budget Administration and Control
Budgetary control is the use of the comprehensive system of budgeting to aid management in carrying out its functions like planning, coordination and control.
Advertising budget is directly related to advertising objectives. The advertising budget determines the perimeter of advertising activities of an organization.

Allocation of advertising budget is not enough to achieve advertising objectives. Budget control is equally important. Budget control is periodic comparison of actual level of performance against budgets, and reporting the variances with proper analysis to provide basis for future course of action.

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