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In the bait and switch advertising model, the bait involves pressuring customers in a store into buying unadvertised or more expensive products.
Fixed Factory Overhead
Comprises all the indirect costs associated with operating a factory that do not vary with production levels, such as rent, depreciation, and utilities.
Static Budget
A fixed budget established at the beginning of a period, not adjusted for changes in activity or actual performance levels.
Continuous Budget
A rolling financial plan that continuously updates by adding a new period as the current period is completed.
Zero-Based Budget
A budgeting method where all expenses must be justified for each new period, starting from a "zero base," with no reference to previous budgets.
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