Objective and task budgeting is a budgeting method:

Question

Quizplus · Accepted Answer

Objective and task budgeting involves setting specific promotion objectives, outlining the necessary tasks to achieve these objectives, and determining the cost of performing these tasks. This method allows for a more strategic and focused approach to budgeting, as the budget is directly tied to the specific actions needed to achieve desired outcomes. It is different from other budgeting methods, such as percentage-of-sales or competitive parity, which do not necessarily take into account specific promotion objectives and tasks.

Objective and Task Budgeting Is a Budgeting Method