INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Net profit
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Expenses
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Sales
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Gross profit
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Detailed explanation-1: -A sales budget is a financial plan that estimates a company’s total revenue in a specific time period. It focuses on two things-the number of products sold and the price at which they are sold-to predict how the company will perform.
Detailed explanation-2: -The sales budget then calculates the amount of income it will earn from sales activities over the coming time period. The production budget uses the data from the sales budget to calculate the number of products the company has to produce over the period of time.
Detailed explanation-3: -Master budget. A master budget is an aggregation of lower-level budgets created by the different functional areas in an organization. Operating budget. Cash budget. Financial budget. Labor budget. Static budget.