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Explain the Communication Process

question 68

Essay

Explain the communication process.


Definitions:

Planning Budget

A budget designed for a particular level of activity, used for planning purposes at the beginning of a period.

Spending Variance

The difference between the actual amount spent and the budgeted amount in a specific period.

Selling

The process of persuading potential buyers to purchase a product or service, often involving marketing, negotiation, and sales strategies.

Administrative Expense

Costs related to the general operation of a business that are not directly linked to the production or selling of goods or services.

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