Using the ________ for budgeting,the budget is determined based on a comparison to what other companies in the product category are spending.
A)percentage-of-sales method
B)objective-task method
C)historical method
D)competitive method
E)all you can afford method

Question

Quizplus · Accepted Answer

The competitive method involves determining the budget based on what other companies in the same product category are spending. This helps ensure that the company remains competitive within the industry and allocates resources in a similar way to its competitors.

Using the ________ for Budgeting,the Budget Is Determined Based on a Comparison