Imagine a small retailer saying,"Well,after budgeting for all of our expenses for next year,we still have about $7500 remaining for emergencies.How about if we budget 20 percent of that amount for advertising?" What budgeting technique is the small retailer using?
A) percentage of sales budgeting
B) competitive parity budgeting
C) all-you-can-afford budgeting
D) objective and task budgeting
Correct Answer:
Verified
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