Q.

One of the arguments that supports the competitive-parity method for budgeting promotions is that:

A. it is the fairest budget method.
B. it is generally the cheapest method of allocating funds.
C. competitor’s budgets represent the collective wisdom of the industry.
D. it is the easiest budget method to use on a global basis.
Answer» C. competitor’s budgets represent the collective wisdom of the industry.
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