Keep their employees safe and post safety rules
More accurate estimates and higher motivation are generally the results of using a(n) participative budget.
What is meant by participative budgeting?
In a budgeting procedure called participatory budgeting, those in lower levels of management take part in the creation of the budget.
What are the benefits of participative budgeting?
Participatory budgeting undoubtedly provides a number of benefits, including goal congruence, fiscal responsibility, information sharing from inferior to superior, and greater subordinate work satisfaction.
Is participatory budgeting effective?
The highest-ranking engagement strategy on the participation rung is participatory budgeting because of this. Although it necessitates thorough planning and preparation, it also strengthens the legitimacy of your decision-making and the level of confidence that the community's residents have in their elected officials.
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Answer:
<u>Reference Pricing</u>
Explanation:
Reference pricing strategy refers to a pricing mechanism whereby the products are priced slightly lower than competitor's products.
When such a pricing strategy is followed, the store owners provide heavy discounts to the buyers to encourage sales.
In the given case, the store deals in discounted furniture. Bella displayed manufacturer's suggested retail price so as to let buyers know of the savings they shall make upon purchase.
Such pricing of goods at a heavy discount thereby showing savings, indicates reference pricing strategy being followed.
The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large
