What is the most common budgeting method utilized by organizations to market products and/or services?
A) Subjective budgeting
B) Percentage-of-sales budgeting
C) Objectives-based budgeting
D) Zero-based budgeting
E) Past spending-based budgeting.

Question

Quizplus · Accepted Answer

Percentage-of-sales budgeting is the most common method used by organizations for marketing budgeting. It involves allocating a specific percentage of the past or projected sales to the marketing budget.

What Is the Most Common Budgeting Method Utilized by Organizations