What is Fords advertising budget?
2.33 billion Click to see full answer. Likewise, how much money do companies spend on advertising?The U.S. Small Business Administration recommends spending 7 to 8 percent of your gross revenue for marketing and advertising if you’re doing less than $5 million a year in sales and your net profit margin—after all expenses—is in the 10 percent to 12 percent range.Furthermore, what industry spends the most on advertising? With more than 17 billion U.S. dollars in advertising expenditures in 2018, the U.S. retail industry was a clear winner, followed by automotive with a 14 billion ad spend. Consequently, how much money do car companies spend on advertising? The digital ad revenue in the U.S. automotive sector is expected to grow to about 5.3 billion U.S. dollars by 2021. In 2015, the automotive industry spent 1.1 billion U.S. dollars in digital video advertising in the U.S., and about 3.4 billion U.S. dollars in mobile advertising.What car company spends the most on advertising? General Motors Co: $3.14 billion in total spending GM has the highest market share for auto makers in US, which may be a result of all that advertising.
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