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Analyzing the Internal Environment Enables a Firm to Determine What

question 21

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Analyzing the internal environment enables a firm to determine what it might be able to do by identifying what opportunities exist.


Definitions:

Production Budget

An estimate of the total units that must be produced in a given period to meet sales and inventory needs.

Sales Budget

An estimate of the expected sales revenue and selling expenses for a specific period, used for planning and control purposes.

Sales Budget

An estimate of the total sales revenue a company expects to earn over a specific period, often used for planning and control purposes.

Sales

The revenue earned from selling goods or services to customers.

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