Budget - Business concept of the day

Budget - Business concept of the day

Finance & Accounting

GlobalLinker Staff

GlobalLinker Staff

311 week ago — 1 min read

Definition: A budget is an estimate of income and expenditure for a set period.

Example: The planned increase in marketing expenditure will lead to higher costs giving us a budget that is break-even - where costs equal income.

Business Insight: When growing a business, drawing up and sticking to a budget is often the best way to ensure your firm's sound financial health

 

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