ABC company have forecast approximately £10 million sales for the coming year. They have decided to allocate £200,000 (2% of turnover) to marketing. Which budget setting method are they using?

Question

Quizplus · Accepted Answer

The company is using the Percentage of Sales Method, as they are allocating a specific percentage (2%) of their forecasted sales to the marketing budget.

ABC Company Have Forecast Approximately £10 Million Sales for the Coming