Budget - Business concept of the day
Finance & Accounting
6 Jul 2018, 11:59 — 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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