Hey! What's the $"$ objective and task method $"$ as it pertains to a marketing budget?

This marketing budget is determined by defining the campaign objectives, defining the specific tasks needed to achieve the campaign objectives, and estimating the costs to those task.

This marketing budget is determined by companies watching the marketing tactics of competitors and how much is being spent on those tactics. The budget is set by matching the competition's percentage$-$of$-$sales expenditures.

Select the best response.

This marketing budget is set as a percentage of the company's past performance, current sales, or sales forecast. This method is simple to use and focuses on the relationship between marketing spend and sales.