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In which of the following situations would personal selling be the LEAST cost-effective choice?
Economic Trends
Patterns or movements in economic indicators, such as GDP growth, unemployment rates, or inflation, that indicate the general direction of an economy.
Political and Legal Events
Incidents or changes in the political or legal environment that can impact business operations and outcomes.
Cash Payments Budget
A budget that estimates the cash payments an organization expects to make over a period, including expenses, purchases, and other outflows.
Selling and Administrative Expense Budget
A financial plan that estimates future selling expenses and administrative costs.
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