Global Strategic Marketing
Resource allocation refers to the process of distributing and assigning available resources, such as financial, human, and technological assets, to various projects or business units to achieve strategic objectives. Effective resource allocation is crucial for optimizing performance and maximizing returns on investment while balancing competing priorities. This concept plays a key role in determining market entry strategies and managing brand portfolios across different markets.
congrats on reading the definition of resource allocation. now let's actually learn it.