Asked by Radia Farid on Jun 05, 2024

verifed

Verified

Which of the following allows a marketer to compare its performance on some dimension to other things,such as how competitors are doing or how its own efforts fluctuate over time?

A) BVI.
B) ROI.
C) A baseline metric.
D) AEV.
E) A measurement map.

Baseline Metric

A starting point measurement used to compare against future metrics to track progress or impact over time.

Performance Comparison

The process of comparing the capabilities, output, or effectiveness of two or more entities, often used to assess the relative merit of products, services, or strategies.

Competitors

Entities that operate in the same market, offering similar products or services to the same customer base.

  • Apply the concept of baseline metrics for comparative analysis in social media marketing.
verifed

Verified Answer

KR
Kiera RiveraJun 11, 2024
Final Answer :
C
Explanation :
A baseline metric is a standardized measure that allows a marketer to compare performance over time or against competitors. It provides a starting point to measure progress or identify areas for improvement. BVI (Brand Value Index) and AEV (Advertising Equivalent Value) are specific metrics related to brand equity and advertising effectiveness, respectively. ROI (Return on Investment) is a financial metric that measures the effectiveness of an investment. A measurement map refers to a visual representation of how different metrics relate to each other.