Question: Section 4: Internal and external factors that impact on budget development 4.1 Describe how each of the following factors impact on budget development. Provide an

Section 4: Internal and external factors that impact on budget development 4.1 Describe how each of the following factors impact on budget development. Provide an example to demonstrate your comments Growth or decline in economic conditions Human resource requirements New legislation or regulation Organisational and management restructures Organisational objectives Shift in market trends Significant price movement for certain commodities or items Supplier availability and cost

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