Asked by
Antwan Smith
on Oct 23, 2024
Verified
As all budgets 'hang' off the sales budget, if the sales forecasts are incorrect, chances are all operating budgets will also be inaccurate.
Sales Budget
A financial plan that estimates the expected revenue from sales over a specific period, guiding business strategies and operations.
Sales Forecasts
Predictions about the future sales performance of a company or product, based on market analysis and historical sales data, used for planning purposes.
- Acquire knowledge on the diverse kinds of budgets and the methods involved in their preparation.
Verified Answer
CR
Learning Objectives
- Acquire knowledge on the diverse kinds of budgets and the methods involved in their preparation.
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