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The best approach to budgeting is objective and task budgeting, whereby the company determines its promotion objectives, outlines the tasks to accomplish those objectives, and:
Fair Value Hedge
A hedge that protects against changes in the fair value of an asset, liability, or an unrecognized firm commitment that is attributable to a particular risk.
Forward Contract
A customized contract between two parties to buy or sell an asset at a specified price on a future date.
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