A Major Benefit of Effective Budgeting Is That ________

question 134

Multiple Choice

A major benefit of effective budgeting is that ________.

• A) it compels managers to think ahead
• B) it aids managers in communicating objectives to employees
• C) it provides benchmarks to evaluate subsequent performance
• D) all of the above

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Definitions:

Societal Marketing

A marketing approach that considers not only the needs and wants of consumers but also the welfare of society and long-term environmental sustainability.

Marketing Practice

The implementation and application of marketing strategies and techniques by businesses to attract and retain customers.

Nonprofit Organizations

Organizations that operate for charitable, educational, scientific, or public safety purposes to benefit the public or a particular group of people, without intending to make a profit for its owners or members.

Retailers

Businesses or individuals that sell goods directly to consumers for personal or household use, acting as the final stage in the distribution chain.