answersLogoWhite

0


Best Answer

Budgeting helps managers focus on cutting costs. When they cut costs and still meet production metrics, they will see more profit.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How does budgeting help management make good business decisions?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the objectives of debtors management?

The objectives of debtors management includes making good decisions relating to the business. These decisions are crucial for making good investments.


What is an important factor in making good business cycle decisions?

Timing is everything when it comes to making good business cycle-sensitive decisions.


What are the benefits of management accounting information?

Depending on the level of detail available....many daily, weekly and annual business decisions are based on a good management information system. The decisons are only as good as how current and well organized the system provides. While there are other outside circumstances that would influence the sucess of a company, good decisions are fundamental to the overall sucess.


How does one implement a business process management solution?

Business Process Management is considered a valuable way of providing information, real-time, which can be acted on in numerous different ways. A good implementation would be to send alerts or make executive decisions via dashboards, real-time.


Is restaurant management training good to work in the management business?

Restaurant management training is good for those who want to work in the management business because it allows people to learn about the importance of managing effectively.


What do you mean by business management?

business is managed by a person in a good manner


What is a good business diploma to get?

Typically business diplomas are split into the 3 broad categories of accounting, management, and hospitality management. A general consensus is that a degree in business administration is a good thing to have.


What are some examples of business management tools?

There are many examples of business management tools. Some good examples of business management tools are smart phones, planners, and accounting software.


What are some good books about international business management?

There are many good international business management books available. Some of these books include "The Ten Must-Read Books on International Business" and "A Guide to the Project Management Body of Knowledge".


What influences business decisions?

Is it good for the company, today or in the long term - depending upon current priorities of the business.


Where can I take business management classes online ?

Free business management courses are a good way to acquire new skills. Here is a list of five great schools that offer business management courses online


Does anyone know of any good schools for business management?

Schools with a good graduate level education for business management, would include harper college and wgu. those are highly recommended school with business degrees.