When Would You Want to Use Qualitative Data in a Business

question 20

Multiple Choice

When would you want to use qualitative data in a business proposal?

• A) when highlighting consumer feedback on a product
• B) when outlining the sales growth percentage for a product
• C) when comparing the gross versus net profits of a product
• D) when identifying the highest sales via customer demographics on a product

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Definitions:

Top-Down Budgeting

A budgeting approach where the budget is created by top-level management and then distributed to lower levels for implementation.

Bottom-Up Budgeting

A budgeting process where the budget is prepared with the input and estimates coming from lower-level staff, before being aggregated and approved at higher levels.

Operating Budgets

A financial plan that estimates the expected income and expenses for a specific period in the future, often used to guide business activities.

Continuous Budgets

Budgets that are regularly updated by adding a new period as the current period is completed, facilitating constant financial planning.