Asked by chee wei leong on Sep 28, 2024

Financial ratios and marketing metrics should be the focus of premise control.

Financial Ratios

Quantitative measures derived from financial statement analysis used to gauge a company's performance, liquidity, leverage, and profitability.

Marketing Metrics

Quantitative measures used by marketers to evaluate, compare, and track the effectiveness or performance of marketing strategies, campaigns, or activities.

Premise Control

A security or management concept ensuring that the base assumptions underlying strategies or plans remain valid over time and are monitored for changes.

  • Acknowledge the critical role premise management plays in devising marketing plans.
  • Know the role and application of marketing metrics in evaluating business performance.