Mini Makers, a small manufacturer of action figures, is formulating a budget for next year's promotional activities. The company decides to budget $50,000 for promotional expenses (an amount equal to its nearest competitor's allotment.) Mini Makers is using the ____ method of budgeting.

a.spending as much as the competition
b.what will it take to do the job
c.percentage of sales
d.what can be spared

Answer: A. Correct?

I believe so.

Yes, the correct answer is A. spending as much as the competition. Mini Makers is using the method of budgeting where they allocate the same amount as their nearest competitor for promotional expenses.

Yes, the correct answer is A. spending as much as the competition. Mini Makers has chosen to budget $50,000 for promotional expenses, which is equal to the amount allocated by their nearest competitor. This method of budgeting is known as "spending as much as the competition." It involves setting the budget based on what competitors are spending, either matching their budget or allocating a similar amount to ensure competitiveness in the market.