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What major external business force to a significant extent determines what acceptable business practices are for the organization?
Actual Spending
The actual amount of money spent over a specific period, as opposed to budgeted or planned spending.
Budget
A financial plan that estimates income and expenses over a specified period of time.
Replenish Inventory
The process of adding stock to an inventory to maintain levels and ensure availability of products.
Average Price
The mean amount of money paid for a good or service, calculated by dividing the total spent by the number of units bought.
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