Toward the end of the fiscal year, the owner of a small company came back from lunch concerned because he had learned that a business targeted to the same customers as his was planning on spending $150,000 on promotion
As soon as he arrived at the office, he called his financial manager and said, "I want to budget $150,000 for next year's promotion." Which method of promotional budgeting did the owner want to use?
A) the objective-task method
B) the percentage-of-sales method
C) the competitive-parity method
D) the bottom-up method
E) the pull-push method
C
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On the maturity date, the bondholders of $1,000,000 of bonds that pay 10% annually that were issued at $990,000 will be paid ______.
a. $1,000,000 plus the last year's interest of $99,000 b. $0, since there is no transaction on the maturity date c. $990,000 plus the last year's interest of $99,000 d. $990,000 plus the last year's interest of $100,000 e. $1,000,000 plus the last year's interest of $100,000
With a moderate participation level, customers work actively with the provider to co-produce the service
Indicate whether the statement is true or false