Using the ________ for Budgeting,the Budget Is Determined by Estimating

question 45

Multiple Choice

Using the ________ for budgeting,the budget is determined by estimating how much it will cost to accomplish the objectives for each promotional activity.

• A)percentage-of-sales method
• B)objective-task method
• C)historical method
• D)competitive method
• E)all you can afford method

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Definitions:

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded.

Demand And Supply Diagram

A graphical representation used in economics to show the relationship between the price of a good and the quantity demanded and supplied at that price.

Health Care Consumed

The total amount of health services and goods utilized by individuals or a population.

Copayment

The percentage of (say, health care) costs that an insured individual pays while the insurer pays the remainder.