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Answered 1 Think of an organisation (or sub-division of an organisation) for which sales demand is unlikely to be the limiting factor at the moment. What is that organisation?   2 What do you think is likely to be that organisation's limiting factor?   3 What period do you think the organisation prepares its budgets for?   4 Name one type of "discretionary" budget this organisation may have.   5 What do you think the organisation's key mission is and one way way this gets reflected in its budgets.

Answered 1 Think of an organisation (or sub-division of an organisation) for which sales demand is unlikely to be the limiting factor at the moment. What is that organisation?   2 What do you think is likely to be that organisation's limiting factor?   3 What period do you think the organisation prepares its budgets for?   4 Name one type of "discretionary" budget this organisation may have.   5 What do you think the organisation's key mission is and one way way this gets reflected in its budgets.

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1
Think of an organisation (or sub-division of an organisation) for which sales demand is unlikely to be the limiting factor at the moment. What is that organisation?
 
2
What do you think is likely to be that organisation's limiting factor?
 
3
What period do you think the organisation prepares its budgets for?
 
4
Name one type of "discretionary" budget this organisation may have.
 
5
What do you think the organisation's key mission is and one way way this gets reflected in its budgets.
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