Describe and give an example of the budgeting process in any business and if you could improve one thing about it, what would that be?© BrainMass Inc. brainmass.com June 4, 2020, 12:58 am ad1c9bdddf
The budgeting process starts with a sales forecast. From this expectation of product demand, the production budget is crafted. Once production is known, the expenditures and activities that must be incurred to bring that production about are planned (materials, labor, overhead). The costs of running the business (general, admin and selling ...
The response is 221 words in everyday language suitable for novices. Practice example given.