Imagine You Have Overheard the Owner of a Medium-Sized Manufacturing

question 189

Multiple Choice

Imagine you have overheard the owner of a medium-sized manufacturing company saying,"We had a good year,and I think next year will be even better.I'm going to raise this year's promotion budget to 4.5 percent of last year's gross sales.That will let me do more advertising than the 3.5 percent I budgeted last year." From this information,you know the small retailer used _____ budgeting.

• A)percentage of sales
• B)competitive parity
• C)all-you-can-afford
• D)objective and task

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Definitions:

Successful Entrepreneurs

Individuals who have achieved significant success in creating and managing ventures that bring innovative products or services to market.

Smartest Person

An individual renowned for having a high level of intelligence and the capability to solve complex problems efficiently and effectively.

Education

The process of receiving or giving systematic instruction, especially at a school or university.

Freedom To Experiment

Allowing individuals or teams to try new methods, approaches, or ideas without fear of immediate repercussions, encouraging innovation and learning from failure.