Budgetary Question:
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What factors are taken into consideration while preparing sales budget?
Answer:
Following factors are taken into consideration while forecasting for sales quantity:
-Analysis of Past Trend
-Reports by Salesmen
-Market Research and Market Survey
-General Economic Conditions
Following factors are taken into account while forecasting for selling price:
-Cost price of the product
-Expected amount of profits
-Selling price charged by the competitors
-Advertisement and sales promotion techniques used by the company.
-Analysis of Past Trend
-Reports by Salesmen
-Market Research and Market Survey
-General Economic Conditions
Following factors are taken into account while forecasting for selling price:
-Cost price of the product
-Expected amount of profits
-Selling price charged by the competitors
-Advertisement and sales promotion techniques used by the company.
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