The Budgeting Technique That Focuses on Different Phases of a Product

question 5

Multiple Choice

The budgeting technique that focuses on different phases of a product such as planning and concept design,testing,manufacturing,and distribution and customer service is known as:

• A)cash-flow budgeting.
• B)integrative budgeting.
• C)base budgeting.
• D)comprehensive budgeting.
• E)life-cycle budgeting.

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Definitions:

Stimulate Innovation

Encourages the development of new ideas, products, or processes to improve efficiency, effectiveness, or competitive advantage.

Infringe on Innovation

To infringe on innovation means to impose restrictions or barriers that limit the development and implementation of new ideas, technologies, or processes.

Pharmaceutical Industry

A sector of the health care system that discovers, develops, produces, and markets drugs or pharmaceuticals for use as medications.

Creative Destruction

A concept in economics which suggests that new innovations destroy old industries and create new economic structures.