BUDGETS

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  • Created by: SBDL
  • Created on: 29-12-12 12:47

BUDGETS

Advantages

  • Identify unexpected costs such as tax or insurance
  • take corrective action and adjust these costs
  • assess budgets accuracy to actual sales

Disadvantages

  • may not be accurate due to no experience and start-up
  • other factors such as price, competitors etc

Evaluation

Economic trends affect salesbudgeting crucial for the short-term aspect 

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