Budgets are only as good as the forecasts upon which they are based. In some industries, it

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Budgets are only as good as the forecasts upon which they are based.” In some industries, it is very difficult to forecast demand accurately, while in other industries demand conditions are relatively stable. Discuss the role of budgeting in these two settings.

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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