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

Show the accountable plan, Q. Show the Accountable Plan? Accountable P...

Q. Show the Accountable Plan? Accountable Plan - An accountable plan is any reimbursement or other expense allowancearrangement of an employer which meets all of the subseque

Global sector indixes, Global Sector Indixes Morgan Stanley Capital Int...

Global Sector Indixes Morgan Stanley Capital International (MSCI) measures the International and National performance. It launched All Country Sectors on January 30, 2001. MSCI

Budget, Details on budgetary control process

Details on budgetary control process

Floating-rate securities that have constant quoted margin, Let us look into...

Let us look into few floaters that have constant quoted margin. 1. De-leveraged Floaters 2.  Inverse Floaters 3.  Dual-Indexed Flo

What are financial markets? why do they exist?, What are financial markets?...

What are financial markets? Why do they exist? Monetary markets are where financial securities are sold and bought.  They exist mainly to bring surplus economic units (those ha

Determine the concept of dividend yield, Dividend yield Dividend yield ...

Dividend yield Dividend yield = (Dividend per share/Market share price) x 100% Dividend yield is the cash return on the share (not whole return which is cash dividend and ca

Valuation of shares , Example based on Valuation of Shares Share capit...

Example based on Valuation of Shares Share capital details & Types of Share Hatsun Agro private limited (HAPL) as on March 2008 had a total authorized share capital worth

Internal rate of return (irr), Internal Rate of Return (IRR) : This rat...

Internal Rate of Return (IRR) : This rate attempts to find the earnings rate, which equates the current value of the streams of earnings to the investment outlay. IRR is descri

Total return analysis, A trade is assessed on the basis of its perfor...

A trade is assessed on the basis of its performance. Performance can be defined as the expected total return over and above the investment horizon of the trade. T

Partial correlation coefficients , In multiple correlation equations we are...

In multiple correlation equations we are often interested in finding out how much of the variation in the dependent variable is explained by one independent variable if all the oth

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