For Most Developing Countries

question 79

Multiple Choice

For most developing countries

• A) productivity is high among domestic workers.
• B) population-growth and illiteracy rates are low.
• C) saving and investment levels are high.
• D) agricultural goods and raw materials constitute much of domestic output.

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Definitions:

Percentage-of-Sales Method

A budgeting approach where advertising and marketing expenses are set as a fixed percentage of sales revenue.

Objective-and-Task Method

A budgeting approach in marketing that starts with defining specific objectives, determining the tasks needed to achieve those objectives, and estimating the cost of performing those tasks.

Budgeting Approach

A methodological process of creating a plan to spend an entity's resources, ensuring financial stability and goal achievement.

Sales Promotion Tool

Various techniques used to boost the sale of products or services, including discounts, coupons, and demonstrations.