Question

For a new business, what percentage of your estimated first year's gross sales should be allocated to your advertising and public relations budget?

a. 10%
b. 5%
c. 7%
d. 3%

Answer 1

The answer is a 10 %

One of the biggest challenges for new businesses is to increase consumers awareness of their existence , since you consumer won't buy your products if they don't know that you're exist

That's why new business need to spend a pretty big amount on advertising and public relations