Answered 1 Think of an organisation (or sub-division of an organisation) for which sales demand is unlikely to be the limiting factor at the moment. What is that organisation? 2 What do you think is likely to be that organisation's limiting factor? 3 What period do you think the organisation prepares its budgets for? 4 Name one type of "discretionary" budget this organisation may have. 5 What do you think the organisation's key mission is and one way way this gets reflected in its budgets.
Answered 1 Think of an organisation (or sub-division of an organisation) for which sales demand is unlikely to be the limiting factor at the moment. What is that organisation? 2 What do you think is likely to be that organisation's limiting factor? 3 What period do you think the organisation prepares its budgets for? 4 Name one type of "discretionary" budget this organisation may have. 5 What do you think the organisation's key mission is and one way way this gets reflected in its budgets.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Answered
1
Think of an organisation (or sub-division of an organisation) for which sales demand is unlikely to be the limiting factor at the moment. What is that organisation?
2
What do you think is likely to be that organisation's limiting factor?
3
What period do you think the organisation prepares its budgets for?
4
Name one type of "discretionary" budget this organisation may have.
5
What do you think the organisation's key mission is and one way way this gets reflected in its budgets.
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