Examlex
Explain the communication process.
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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