The Core of a Firm's Business Environment Is Comprised By

question 17

Multiple Choice

The core of a firm's business environment is comprised by:

• A)Its relationships with customers,competitors and suppliers
• B)Its technological environment
• C)Its relationships with all stakeholders
• D)The nation state

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Definitions:

Selling and Administrative Budget

This is a detailed plan that outlines the expected expenses related to selling the products and managing the business operations.

Cash Budget

An estimation of cash inflows and outflows for a business over a specific period, used for managing the company's cash flow.

Production Budget

An estimate of the total number of units that must be produced in a given period to meet expected sales and inventory levels.

Sales Budget

A detailed schedule showing expected sales expressed in both dollars and units.