GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Dollar Control
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Unit Control
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Stock Turnover
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Stock lists
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Detailed explanation-1: -The Use of the Master Budget The master budget summarizes projected activity by way of a cash budget, budgeted income statement and budgeted balance sheet. Most master budgets include interrelated budgets from the various departments. Managers typically use these subset budgets to plan and set performance objectives.
Detailed explanation-2: -Cost control is the process of collecting actual costs and collating them in a format to allow comparison with project budgets. Cost control is necessary to keep a record of monetary expenditure for purposes such as: minimising cost where possible; revealing areas of cost overspend.
Detailed explanation-3: -In its efforts to achieve these objectives, it has to manage the enterprise efficiently by optimising the use of resources and eliminating or minimising the wastes, if any. Budgetary control is one of the important techniques which help the management in controlling business activities in a desired direction.
Detailed explanation-4: -Balanced Budget. Surplus Budget. Deficit Budget. 31-Jan-2023