Budgets

    Subdecks (3)

    Cards (14)

    • Definition of Budget?
      A financial plan for the future concerning the revenues and costs of a business
    • What are the different ways a business may use a budget?
      Sales budget
      Production cost budget
      Profit budget
    • What is the difference with fixed and flexible budget?
      Fixed budgets are set to remain even with changes in the market . Flexible can be changed to allow for changes to reflect changing business environment
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