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Prepare to discuss the principal drivers for any budgeting process. Ensure the following points are addressed. Who needs to participate in the budgeting process and

Prepare to discuss the principal drivers for any budgeting process. Ensure the following points are addressed.

Who needs to participate in the budgeting process and why?

What are the principal benefits of budgeting for a company?

What budgets should be included in a manufacturers master budget?

What periods of time should the budgets cover for long-term planning?

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