Which Budgeting Process Uses Important Aspects of a Participative Management

question 47

Multiple Choice

Which budgeting process uses important aspects of a participative management style?

• A)incremental budgeting
• B)zero-based budgeting
• C)top-down budgeting
• D)bottom-up budgeting

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Definitions:

Positioning

The process of establishing a distinctive place for a brand or product in the market and in the customers' minds.

Marketing Mix

The set of tactical marketing tools—Product, Price, Place, Promotion—that a company uses to produce the response it wants in the target market.

Product Attributes

The characteristics that define a product and contribute to its perceived value among consumers, such as quality, features, design, and brand reputation.

Customer Relationship

The approach a company takes to managing its interactions with current and potential customers, often to improve loyalty and engagement.