Advantages of % of sales method of estimating budget:
1) It is financially safe & expanding within reasonable limits as it basis spending on the past year sales.
2) It is simple, straight forward & easy to implement
3) It is generally stable
Advantages of % of sales method of estimating budget:
1) It is financially safe & expanding within reasonable limits as it basis spending on the past year sales.
2) It is simple, straight forward & easy to implement
3) It is generally stable
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