Amarketing manager had a goal to improve market share for his paper plates by 2 percent in the coming year, and he felt he’d need to run television ads for two months as well as create a social media campaign in order to accomplish this. he priced the advertising he planned to use and set the budget accordingly, using which promotional budgeting technique?
a. objective and task budgetingb. all you can afford budgetingc. competitive partiy budgetingd. comparative budgetinge. percentage of sales budgeting

The correct answer is (A)

Explanation:

The best way to deal with budgeting is objective and task budgeting, it is a framework which makes everything progress by step. In that regard, it helps to decide the progression targets. Besides, it plots the activities it will use to achieve those targets, and thirdly it helps with deciding the progression cost of executing those targets.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; is the sum of all individual demands curves;