Budgeting

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Title: Budgeting

Essay Details:

Subject: Business

Author:

Date: November 20, 2015

Level: University

Grade: A

Length: 3 / 736

Essay text:

Estimations of fixed and variable costs, forecasts of what resources are needed for development, upgrades and projects are common to all organizations. A for-profit organization is primarily concerned with developing an accurate sales forecast, which in fact is the most challenging part of the budgeting process since there are so many factors beyond control that can influence the success of a product. Economics and markets trends mentioned in step, one play a huge role in determining this figure. The trouble is, history has shown that these trends can easily be torn to pieces by one significant event, or less dramatic changes such as a new competitor or seasonal demands...

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