13.2 When preparing a budget, an organisation must first consider its limiting factors and key factor. Explain

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13.2 When preparing a budget, an organisation must first consider its limiting factors and key factor. Explain what you understand by the terms ‘limiting factor’ and ‘key factor’

and identify three constraints that could be a limiting factor in an organisation.

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Accounting And Finance For Business

ISBN: 9780273773948

1st Edition

Authors: Geoff Black, Mahmoud Al-Kilani

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