Explain what is meant by the principal budget factor
【参考答案及解析】
The principal budget factor is the limiting factor since this determines all other budgets. In most companies, the level of demand determines the size and scale of the operation which is why many budgetary planning processes begin with the sales budget.
The principal budget factor is the limiting factor since this determines all other budgets. In most companies, the level of demand determines the size and scale of the operation which is why many budgetary planning processes begin with the sales budget.