Which of the following statements about the competitive- parity method of budgeting is true?
A) It mirrors the best thinking of others in the business.
B) It is the only top- down budgeting method used to determine promotional budgets.
C) It is considered the most logical budgeting method.
D) It is the most commonly used bottom- up method for budgeting.
E) It works because it relies on dynamic market shares that change annually.
Correct Answer:
Verified
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