The sales budget drives the rest of the budgeting process for both manufacturers and merchandisers.

Name: The sales budget drives the rest of the budgeting process for both manufacturers and merchandisers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is true. The sales budget is a crucial component of the overall budgeting process as it sets the framework for the entire budget. The other budgets like production, marketing, and administrative expenses are driven by the sales budget and support the achievement of the sales targets.

The Sales Budget Drives the Rest of the Budgeting Process