Which of the Following Statements About the Competitive-Parity Method of Budgeting

Which of the following statements about the competitive-parity method of budgeting is true?

A) It is the most commonly used bottom-up method for budgeting.
B) It works because it relies on dynamic market shares that change annually.
C) It is the only top-down budgeting method used to determine promotional budgets.
D) It is considered the most logical budgeting method.
E) It mirrors the best thinking of others in the business.