Why Does a Company's Budget Need to Be Closely Linked

question 27

Essay

Why does a company's budget need to be closely linked to the needs of good strategy execution? Provide at least two examples of companies that have used strategic priorities to drive how capital allocations are made.

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Definitions:

Immigration

The action of coming to live permanently in a foreign country.

Foreign Tourists

Visitors from other countries who travel to a different country for leisure, business, or other purposes, contributing to the host country's economy.

Merchandise Trade Imbalance

A discrepancy between a country's exports and imports of tangible goods, leading to either a trade surplus or deficit.

Overall Trade Imbalance

The difference between a country's total exports and total imports over a certain period, indicating whether a country is in a trade surplus or deficit.