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Budgeting Process and Zero-Based Budgeting : A retail chain is adopting zero-based budgeting for its marketing department. The marketing manager identifies various activities and programs,
Budgeting Process and Zero-Based Budgeting: A retail chain is adopting zero-based budgeting for its marketing department. The marketing manager identifies various activities and programs, along with their associated costs, and ranks them based on their importance and effectiveness. Calculate the budget for the marketing department using zero-based budgeting principles and discuss the benefits and challenges of this budgeting approach for cost control and resource allocation.
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