Question

Typical property marketing and advertising spend, as a percentage of sales, is in the range of:

1) 8-10%
2) 10-12%
3) 12-15%
4) 15-18%

Answer 1

The typical property marketing and advertising spend, as a percentage of sales, falls within the range of (Option 3) 12-15%.

Step-by-step explanation:

The typical property marketing and advertising spend, as a percentage of sales, falls within the range of 12-15%. This means that businesses typically allocate 12-15% of their sales revenue towards marketing and advertising their properties. For example, if a property generates $100,000 in sales, the marketing and advertising spend can be expected to be around $12,000 - $15,000.