What Is the Importance of Lateral Communication in an Organization

question 73

Essay

What is the importance of lateral communication in an organization?

---

Definitions:

Budgeted Purchases

The estimated amount of purchases a company plans to make in a future period, often part of a budgeting process.

Budgeted Ending Inventory

The estimated value or quantity of inventory that a company plans to have on hand at the end of a financial period.

Budgeted Beginning Inventory

The projected inventory level at the start of a period, based on anticipated costs and demand.

Sales Budget

A detailed forecast of a company's sales, outlining expected sales volume and revenues for a specific period.