List some external factors that need to be considered by a budget unit in preparing an initial budget proposal.

Question

Quizplus · Accepted Answer

Feedback: External factors that need to be considered by a budget unit in preparing an initial budget proposal include:
1)Changes in the labor market or in raw material prices.
2)Availability of raw materials or components and their prices.
3)The industry's outlook for the near term.
4)Competitor actions.

List Some External Factors That Need to Be Considered by a Budget