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Which of the following is not a function of prices in a market system?
Discovery
The process of finding information, places, or objects, especially for the first time, or the act of unveiling something not previously known.
Percentage of Ad Spend Method
A budgeting technique for advertising in which the budget is set based on a fixed percentage of the company’s sales or projected sales, making it a simple and commonly used method for allocating advertising funds.
Competitive Parity Method
A budgeting method where a company sets its advertising and marketing budget based on the spending of its competitors.
Objective and Task Method
A budgeting method in marketing where objectives are set first, and then tasks and activities needed to achieve these objectives are determined and budgeted for.
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