Explain any two inputs required for designing a 'Sales Budget'. - Vidyadip

Question

Explain any two inputs required for designing a 'Sales Budget'.

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Answer

Two inputs required for designing a sales budget:

Previous sales budget: The basic input required for preparing sales budget is previous years sales record to find out the trend of sales in the market and from previous sales budget a new budget will be prepared.
Obtain department budgets: Obtain the budgets from all departments, check for errors, and compare to the bottleneck, funding, and step costing constraints. Adjust the budgets as necessary.

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