An ISO 9001:2008 & ISO 270001:2005 Organization
Profit is the primary measure of business success. Usually, profits do not just happen. Profits are managed. Therefore, the profitability of the firm fully depends on as to what extent the management follows proper planning, effective co-ordination and dynamic control. This requires that management must plan for the future financial and physical requirements for maintaining productivity and profitability of the firm which is generally called 'budgeting'.
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