In the figure,what do the words "Bargaining Range" represent?
Definitions:
Operating Budgets
A financial plan that estimates the expected income and expenses for a specific period in the future, often used to guide business activities.
Continuous Budgets
Budgets that are regularly updated by adding a new period as the current period is completed, facilitating constant financial planning.
Sales Budget
A financial plan that estimates the expected revenue from sales over a specific period, guiding business strategies and operations.
Sales Forecasts
Predictions about the future sales performance of a company or product, based on market analysis and historical sales data, used for planning purposes.
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