Determine the cost, Financial Management

Assignment Help:

a) Social marketing is the use of normal marketing methods to achieve the benefits of social change, such as informing the public about the harm of under-age drinking, rather than for direct commercial gain.

Other examples include: promoting the use of anti-drug campaigns, contraceptives, protection of animals, encouragement of recycling, anti-smoking campaigns and the promotion of healthy eating.

b) The Singaporean government is probable to use social marketing tactics in order to control litter problems in its country. Educating people, more willingly than simply fining them, is likely to be more cost effective in the long term as it becomes part of the culture. The case study mentions the use of litter laws being educated and promoted in schools as a way to embed the desired culture from a young age. It is therefore expected that the government's success will depend heavily on aspects of social marketing. However, much of this will also rely on marketing tactics used to inform the general public about the punishments for littering.
Other considerations include:

• Action will only be assume if people believe that the benefits of doing so compensate the costs, i.e. the littering penalties must be adequate

• The government is more liable to succeed if its strategy is based on educating people to comprehend the social benefits and goals, rather than allowing their own perceptions to dictate personal action

• Education, not social marketing itself, has been used to establish a culture of cleanliness

• Success does not rely on social marketing itself; legislation (such as the Corrective Work Order and littering fines) is also used to achieve the government's objectives.

In conclusion, the combination of the use of social marketing and government control have clearly worked in ensuring that Singapore remains one of the cleanest countries in the world.


Related Discussions:- Determine the cost

Explain benefits of currency option contract as hedging tool, What are the ...

What are the advantages or benefits of a currency options contract as a hedging tool compared with the forward contract? Answer:  The major advantage of by using options contra

Explain about the term investment intermediaries, Explain about the term in...

Explain about the term investment intermediaries. Investment intermediaries: Investment intermediaries contain finance companies, mutual funds and investment banks and se

Calculate the cash flows, Your firm will produce widgets for the next 10 ye...

Your firm will produce widgets for the next 10 years (starting at t=1). Annual revenue from selling widgets is $20,000. Production requires an initial outlay (at t=0) for machin

Describe about permanent working capital, Q. Describe about Permanent Worki...

Q. Describe about Permanent Working Capital? Permanent Working Capital: - The requirement for working capital fluctuates from time to time. Nevertheless to carry on day-to-day

Price Earnings, what is the relationship between industry pe and comapny''s...

what is the relationship between industry pe and comapny''s pe?

Revenue bonds, Revenue bonds are the securities issued for financing ...

Revenue bonds are the securities issued for financing an entity for general      public-purpose. The securities issued for entity financing are backed up with the

Explain the difference between cash and profit, Explain the Difference betw...

Explain the Difference between cash and profit Cash flow statement shows all the cash in and cash out for the organisation for that period. It demonstrates the cash generating

Concepts of cost of capital, Concepts of Cost of Capital 1. Explicit ...

Concepts of Cost of Capital 1. Explicit Cost And Implicit Cost The explicit cost of any source of finance may be described as the discount rate that equates the current v

Name two patterns of cash flows for a share of common stock, Name two patte...

Name two patterns of cash flows for a share of common stock. How does the market define the value of the most common cash flow pattern for common stock? Cash flows for a share

Effect on stock valuation, Effect on Stock Valuation Until the 1960s, c...

Effect on Stock Valuation Until the 1960s, common stocks were viewed as a good instrument against loss caused by inflation. Also, before 1960, stocks were not providing full he

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd