Imagine you have overheard the owner of a medium-sized manufacturing company saying, "We had a good year, and I think next year will be even better. I'm going to raise this year's promotion budget to 4.5 percent of last year's gross sales. That will let me do more advertising than the 3.5 percent I budgeted last year." From this Information, you know the small retailer used__________ budgeting.

Question

Quizplus · Accepted Answer

The owner of the manufacturing company mentioned that they will be raising the promotion budget to 4.5% of last year's gross sales, which means they are using a percentage of sales budgeting method.

Imagine You Have Overheard the Owner of a Medium-Sized Manufacturing