For which of the following organizations is having a production budget most important?

Question

Quizplus · Accepted Answer

Manufacturing firms rely heavily on a production budget to plan their production process efficiently, determine the production cost, and ensure optimal inventory levels. A well-planned production budget can help them to minimize waste, maximize profits, and maintain a competitive edge in the market. On the other hand, retail stores, non-profit agencies, and local government agencies may have different priorities and may not require a production budget as their main planning tool.

For Which of the Following Organizations Is Having a Production