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katied: 9 months ago

What are the relationships among planning, budgeting, and forecasting?

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Answer 1

chriseenorjzz: 9 months ago

The relationships between planning, budgeting and forecasting include: allocation of operating expenses, estimation future operations and economic conditions among others. A good plan begins with a good forecast, which in turn, leads to a good budget. Read more from http://www.oxford-management.com/seminars09/om512.htm.

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