Competitive Parity Budgeting Is a Budgeting Method

Competitive parity budgeting is a budgeting method:

A) that allocates funds to promotion as a percentage of past or anticipated sales, in terms of either dollars or units sold.
B) that matches the competitors' absolute level of spending or the proportion per point of market share.
C) whereby the company determines its promotion objectives, outlines the tasks to accomplish these objectives, and determines the promotion cost of performing these tasks.
D) that allocates funds to promotion only after all other budget items are covered.