Budgetary Control Interview Question:

Tell me What is what factors are taken into consideration while preparing it?

Submitted by: Administrator

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.
Submitted by: Administrator