While the Sales Manager May Be Ecstatic to Learn He

question 177

Essay

While the sales manager may be ecstatic to learn he has exceeded his sales goal, the production manager may not share that enthusiasm, because having more sales than anticipated requires overtime for workers and additional maintenance on some machinery.Managers use budgeting to control and evaluate their operations.Two types of budgets that are discussed in this chapter are the static budget and the flexible budget.How do the two budgets differ and explain how the flexible budget is used in evaluating performance.

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Definitions:

Hotel Industry

A sector dedicated to providing lodging services, hospitality, and accommodations to travelers and guests.

Competitive Advantage

An attribute that allows an organization to outperform its competitors.

Underlying Strategies

The foundational plans or approaches that support and drive the main tactics or methods being used.

Organizations

Entities comprising individuals working together to achieve shared goals or objectives.