Publication Date

10-1997

Publisher

Department of Agriculture, Western Australia

City

Perth

Abstract

Budgeting for existing or proposed business activities are critical in the decision making and implementation chain. Success of any business results from good planning. Failing to plan is planning to fail.

Business management involves a revolving cycle of identifying resources and opportunities, setting goals, planning, budgeting, implementing, recording, controlling, revision and reevaluation. This document deals with only one facet of the budgeting phase of the cycle.

The most significant reasons for budgeting are the establishment of the expected outcome and the assessment of risk. By making adjustments to cost and income parameters one can see how sensitive the business or enterprise is to change. The impact of these probable changes should be assessed in order to identify appropriate responses to the business operations or financial position. That is, determine how the business can cope with or capitalise on changes.

Number of Pages

83

Keywords

Vegetable; Budgets; Budgeting; Manjimup; Western Australia

Disciplines

Agribusiness | Agricultural and Resource Economics | Agricultural Economics | Agronomy and Crop Sciences | Horticulture

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