Which of the following is NOT a widely accepted method for setting a promotion budget?

Show Answers

The affordable budgeting approachThe LIFO budgeting techniqueBudgeting based on a fixed percentage of salesThe objective and task budgeting method

Explanation

Commonly used promotion budgeting methods include the affordable approach, percentage of sales method, and the objective and task technique. The LIFO method, however, is not recognized as a standard promotion budgeting strategy.