ENTREPRENEURIAL MARKETING
PROMOTION STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Determining the ideal budget is:
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easy
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difficult
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -In market economies, firms face hard budget constraints. This means that they must cover their costs of production using revenues generated either from the sales of their product or from other financial sources. In the short term, firms facing hard budget constraints may borrow to cover their operating costs.
Detailed explanation-2: -Coordination and Collaboration. Creating a budget requires many moving parts and phases. Complexity. Time. Accuracy. Continuous Planning. 14-Mar-2022
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