How Can Organizational Control Help Managers Create a Competitive Advantage

question 37

Essay

How can organizational control help managers create a competitive advantage?

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Definitions:

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses for a given period.

Employee Motivation

The techniques and strategies employed by businesses to encourage their employees to perform their best and remain engaged and satisfied with their work.

Budgeting

The process of creating a plan to spend your money, which involves estimating revenues and outlining planned expenditures.

Merchandise Purchases Budget

A financial plan that estimates the amount of inventory a company needs to buy to meet sales needs for a future period.