Imagine a small retailer saying, "Well, after budgeting for all of our expenses for next year, we still have about $7,500 remaining for emergencies. Let's budget 20 percent of that amount for advertising." What budgeting technique is the small retailer using?
A) percentage of sales budgeting
B) competitive parity budgeting
C) objective and task budgeting
D) all-you-can-afford budgeting
E) linear forecast budgeting
Correct Answer:
Verified
Q222: A major fallacy of _ budgeting is
Q224: A common way to assess the effectiveness
Q226: Managers often use the promotion-to-sales ratio on
Q251: Another name for competitive parity budgeting is
Q253: Another name for competitive parity budgeting is
Q254: Imagine you have overheard the owner of
Q258: The formula to calculate a promotion-to-sales ratio
Q259: Allocating funds to promotion whereby the company
Q261: The result of offers that contain all
Q262: Direct order refers to
A)direct communication with consumers
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents