ABC company have forecast approximately £10 million sales for the coming year. They have decided to allocate £200,000 (2% of turnover) to marketing. Which budget setting method are they using?
a. arbitrary method
b. affordable method
c. competitive parity method
d. competitive percentage method
e. percentage of sales method
e. percentage of sales method
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Select the incorrect statement regarding the relationship between type of user and type of information.
A. Assembly line supervisors need more immediate feedback on performance than do senior executives. B. Senior executives need less aggregated information than do lower-level managers. C. Middle managers need more nonfinancial, or operational data than do senior executives. D. Senior executives use general economic information as well as financial information.
Differentiate between free trade area and customs union
What will be an ideal response?
A measure of the likelihood that an event described in the risk consequence portion of the risk statement will actually occur best defines
A) risk assessment. B) risk probability. C) risk actuality. D) risk urgency.
An outside director is a director who lives outside the state of incorporation
a. True b. False Indicate whether the statement is true or false