Which of the Following Would Be the Least Likely Result

question 116

Multiple Choice

Which of the following would be the least likely result of a price ceiling imposed in the market for gasoline?

• A) Buyers line up to buy gasoline.
• B) Buyers bribe station attendants to fill up their tanks.
• C) Some buyers will get less gasoline than they want.
• D) Competition in the market will be eliminated.

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Definitions:

All-You-Can-Afford Budgeting

Allocating funds to promotion only after all other budget items are covered.

All-You-Can-Afford Budgeting

All-You-Can-Afford Budgeting is a financial strategy where spending on a particular area, such as marketing, is determined by the amount of money available rather than through strategic planning or goal-based allocation.

Percentage of Sales Budgeting

A method of budgeting where marketing and other expenses are based on a fixed percentage of sales revenue.

Objective and Task Budgeting

A budgeting method that involves defining specific marketing objectives and the costs associated with achieving them.