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Flexible Budget
A budget that adjusts or flexes with changes in volume or activity levels of the organization, allowing for more accurate budgeting and performance evaluation.
Volatile Demand
Demand for a product or service that experiences frequent, unpredictable changes often leading to challenges in inventory management and production planning.
Stable Demand
Describes a market condition where the demand for a particular product or service remains consistent over time.
Static Budget
A budget that does not change or adapt with variations in sales volume or business activity levels, typically set for a specific period.
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