Budgetary Question:
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What factors are taken into consideration while preparing sales budget?

Answer:

Following factors are taken into consideration while forecasting for sales quantity:

-Analysis of Past Trend

-Reports by Salesmen

-Market Research and Market Survey

-General Economic Conditions

Following factors are taken into account while forecasting for selling price:

-Cost price of the product

-Expected amount of profits

-Selling price charged by the competitors

-Advertisement and sales promotion techniques used by the company.

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