Elements That Need to Be Included in a Budget Includes

question 20

Multiple Choice

Elements that need to be included in a budget includes ______.

• A) tool costs
• B) influencer partnerships
• C) paid media
• D) all of these

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Definitions:

Markup Percentage

The percentage added to the cost of a product to calculate the selling price, based on desired profit.

Special Project

A designated set of tasks or activities aimed at achieving a specific goal or outcome, often outside of routine operations.

Relevant Cost

refers to the costs that will be affected by a decision in the future and, thus, should be considered in decision-making processes.

Discounted Price

A reduced price offered on goods or services, usually for a limited time or under certain conditions.