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In staffing the MNE, firms can use two approaches
Fixed And Variable
Terms describing costs within a business; fixed costs do not change with the volume of production, while variable costs do.
Production Budget
A plan that outlines the number of units that need to be produced to meet sales demands and inventory requirements.
Master Budget
An integrated set of operating and financial budgets for a period of time.
Flexible Budgeting
A budgeting process that allows for adjustments based on changes in the volume of activity or other factors.