Explain zero based budgeting, Strategic Management

Assignment Help:

Q. Explain Zero based budgeting?

Zero based budgeting (ZBB) is a method of budgeting, which requires each cost element within the budget to be specifically justified as though it was being under taken for the very first time, without approval, the budget allowance would be zero.  Therefore each cost, every period, must be 'justified' before it can be included in the budget, and employees are encouraged to find alternative ways of accomplishing the same thing but for less money.


Related Discussions:- Explain zero based budgeting

sales of y and the price of x, (a)    What is the estimated equation of th...

(a)    What is the estimated equation of the model:                 SALES(Y) = b  + b PRICE(X)? (b)    What sort of relationship exists among SALES OF Y and the PRICE OF X? Do

Steady state system, Consider a community dining style restaurant such as B...

Consider a community dining style restaurant such as Benihana of Tokyo. Assumptions are as follows: When you admit a customer to the bar, the customer is assured a seat in th

Nano Manufacturing, I need a project and summary of Nano Manufacturing pape...

I need a project and summary of Nano Manufacturing papers, please let me know how much cost it is? i need paper for my final year exam. I would like to finish my Nano Manufacturing

Explain performance ratios - return on capital employed, Q. Explain Perform...

Q. Explain Performance ratios - Return on capital employed? Return on capital employed (ROCE)    = (Profit before interest and tax (PBIT) / Capital employed) x 100%     The

Merits of economic value added, Merits of economic value added (EVA): -...

Merits of economic value added (EVA): -  Cash not accounting based measure therefore less distorted for performance measurement. -  Consistent or goal congruence with profit

Costco''s case, what makes costco''s a distnghished and well reputed retai...

what makes costco''s a distnghished and well reputed retail brand?

Strategic plan to restore business confidence, In response to the start of ...

In response to the start of the credit crisis, EU Finance ministers agreed a set of conclusions in October 2007. These initiatives were grouped into the so-called Economic & Financ

Describe porters five forces model, Question 1: a. Define strategic man...

Question 1: a. Define strategic management and how it can be applied in an organisation. b. When a company needs to adapt to change, what are the key strategic management qu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd