Publication Date

6-1998

Series Number

Miscellaneous Publication 13/98

Publisher

Department of Agriculture, Western Australia

City

Perth

ISSN

1326-4168

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 re-evaluation. This document deals with only one facet, 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 adjusting the 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

68

Keywords

Vegetable; Vegetable budgeting; Budgeting; Swan Coastal Plains; Western Australia; Vegetables

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