Which Method of Determining a Marketing Budget Relies Primarily on the Previous

question 8

Multiple Choice

Which method of determining a marketing budget relies primarily on the previous year's budget?

• A) extrapolation
• B) target costing
• C) percentage of profits
• D) bottom-up budgeting

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Definitions:

Community Members

Individuals or entities that are part of a specific group or society, sharing common interests, locations, or characteristics.

Plan's Implementation

The process of putting a planned strategy into action to achieve desired objectives and goals.

Necessary Support

The essential assistance or resources provided to individuals or organizations to facilitate the achievement of specific goals.

Negative Consequences

Unfavorable results or impacts that follow a specific action or decision.