Tuesday 28 March 2017

Different types of budgeting B

Different types of budgeting

Cost


  • By budgeting cost it means that they are slowing down on things that they spend money on like finding a cheaper substitute for certain items cutting down on the cost but still getting the same amount of items and saving the extra money that they would have spent and putting it to one side.
Sales

  • By managing their sales it means that they can slightly increase the cost of items meaning in more profit so their is more money to save. Also they might decide to not waist items like if things are close to their sell by date they could do them on special offer so that they can shift them quick before the sell by date meaning that they arnt making as much of a profit but at least they arnt throwing it away and getting nothing for it. 
Profit



  • By managing their profit it means that like i said for sales they can increase the cost of products and increase their profit and by managing where some of that profit goes.



No comments:

Post a Comment