BSBFIM501 Question 4 all information is provided PLEASE HELP I AM STRUGGLING!!

Question 4 Budgeting principles and techniques

You are the manager of Miranda Lush store.

You are required to prepare a budgeted profit and loss statement for the next financial year.

• Explain the starting point for the budget allocations and then
• provide details of at least 4 internal and 4 external factors that you must consider and
• provide an example of how each might be relevant for this business.

Your response should be approximately 150 words.