Computing a percentage of either past sales or sales expected in the future is the most common method of budgeting for promotion expenditures.

Name: Computing a percentage of either past sales or sales expected in the future is the most common method of budgeting for promotion expenditures.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is true. Budgeting for promotion expenditures often involves calculating a percentage of past sales or expected future sales to determine how much to allocate towards promotional activities.

Computing a Percentage of Either Past Sales or Sales Expected