You are a recent hire at a company. Your manager explains that the company has not used budgets previously. She asks you to explain how budgets can be useful to a manufacturing firm. Create a thorough explanation with examples from your readings this week to persuade your new manager that budgets are important.

Answer rating: 100% (QA)

Budgets are an essential tool for any manufacturing firm as they provide a roadmap for financial planning and decisionmaking By setting targets for re... View the full answer