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
FYBMS, SYBMS, TYBMS and beyond BMS
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
5 Comments