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Meaning of budget

 

 

 

Budget

 

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Business glossary

 

Meaning of term budget :

 

A budget is a plan which the firm aims to achieve. For example, they may prepare a sales budget. This will have the level of sales of their good or service that they plan to achieve over the coming years. They can then check their progress against the budget and then assess how well they are achieving their plans. Budgets may be used for sales or costs or indeed any other business variable like profit or capital expenditure or staffing.

 

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Budget

 

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Meaning of term budget

 

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