Briefly Discuss the Different Types of Budgets That Make Up

question 93

Essay

Briefly discuss the different types of budgets that make up the master budget.

---

Definitions:

Organizational Buying Criteria

The specific attributes or factors that a business considers when making a purchasing decision, such as price, quality, service, and supplier reputation.

Supplier's Products

The goods or services provided by a supplier to retailers or distributors for the purpose of resale or incorporation into another product.

Capabilities

The qualities, skills, or resources a person or organization has that enable them to perform or achieve certain actions or outcomes.

Buying Criteria

Buying criteria are the specifications and considerations that customers use to evaluate and decide on the purchase of products or services.