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Licensing allows a firm to transfer the risk of implementing market entry to another firm.
Cash Budget
A plan that estimates future cash inflows and outflows over a specific period of time.
Management Use
The application of information, analyses, and insights generated within an organization to make informed decisions, guide operations, and shape strategic planning.
Sales Budget
A financial plan that outlines the expected sales, revenues, and the strategic plan for selling products or services during a specific period.
Cash Receipts
Monies received by a business, typically recorded during the period they are received.
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