William is analysing his financials and determining a budget for promotional activities for his company.He has data from last year's budget, past financial statements, projections for next year's budget as well as a general idea of what the competition spent last year.How should he determine the new budget and what concerns should he be aware of during the process?

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The Answer of William is analysing his financials and determining a budget for promotional activities for his company.He has data from last year's budget, past financial statements, projections for next year's budget as well as a general idea of what the competition spent last year.How should he determine the new budget and what concerns should he be aware of during the process?

William Is Analysing His Financials and Determining a Budget for Promotional