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The promotional budget will clarify how much can be spent on advertising and personal selling. this statement is true.
What is budget?
A budget is a plan for making computations, generally financial but not usually, for a particular time frame, typically one year. Expected sales and revenue amounts, resource quantities (such as time, costs, and expenses), environmental impacts (such as greenhouse gas emissions), other impacts, assets, liabilities, and cash flows are all possible inclusions in a budget. Budgets are a measurable way for businesses, government, families, as well as other groups to communicate their strategic plans of action.
In a budget, planned expenditures are expressed together along with recommendations for how to fund them. A budget could show a surplus of resources for later use or a deficit if expenditures are greater than income and other resources.
A government's budget is a summary or estimate of its anticipated revenues (although not always from taxes) and expenditures. The operational or current budget, the construction or development budget, and the liquidity or cash flow budget are the three different types of budget used by administrations.
The Department of The treasury creates the federal budget, which is then presented to Congress for review. Congress typically makes a number of important changes. The federal government is allowed to drive deficits, spite of the fact that almost all American states are expected to have balanced budgets.
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