Business Arithmetic — Entrepreneurship STD 12 Commerce — Question
CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipBusiness Arithmetic3 Marks
Question
Explain any two inputs required for designing a 'Sales Budget'.
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Answer
Two inputs required for designing a sales budget:
Previous sales budget: The basic input required for preparing sales budget is previous years sales record to find out the trend of sales in the market and from previous sales budget a new budget will be prepared.
Obtain department budgets: Obtain the budgets from all departments, check for errors, and compare to the bottleneck, funding, and step costing constraints. Adjust the budgets as necessary.
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