The Statement Relating to a Master Budget That Is Not

question 7

Multiple Choice

The statement relating to a master budget that is not true is:

• A)Budget targets are fixed and not subject to revision
• B)It is a set of interrelated budgets
• C)It is normally overseen by a budget committee
• D)It is typically prepared for a one-year period that coincides with the entity's financial year

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Definitions:

Free Samples

A marketing strategy where small quantities of the product are given away for free to consumers to try and increase awareness or sales.

Pull Strategy

A marketing approach where businesses aim to create demand for a product or service directly from customers, leading them to pull the product through the distribution channel.

Ultimate Consumers

End-users who purchase products or services for personal use rather than for resale or further production.

Promotional Mix

The combination of marketing strategies and methods a company uses to promote its brand or products, including advertising, sales promotion, public relations, and direct marketing.