The purchases budget depends on information provided by the sales budget.

Name: The purchases budget depends on information provided by the sales budget.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The purchases budget is based on the sales budget because the amount of goods that need to be purchased is directly related to the amount of goods that are expected to be sold. The sales forecast is used to determine the quantity of products that need to be ordered to meet customer demand.

The Purchases Budget Depends on Information Provided by the Sales