Question

pretest reading quiz
question 19 of 20: how are promotional budgets normally determined?
a) by using a percentage of a businesss net sales
b) by using an estimate of expected future sales
c) by budgeting just a little bit more than the competition

Explanation:

Promotional budgets are often determined by using a percentage of a business's net sales. This is a common and straightforward method. Using an estimate of expected future sales can be risky as future sales are uncertain. Budgeting just a little bit more than the competition is not a reliable or strategic long - term approach.

Answer:

A. By using a percentage of a business's net sales