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

Marketing plan, The market plan should be made based on a Hot Dog Vending C...

The market plan should be made based on a Hot Dog Vending Cart which is actually a hypothetical company I have created that operates in the US. Besides selling hot dogs, I would be

Explain the reliability centred maintenance approach, Question: (a) The...

Question: (a) The prevailing business environment is continuously changing with respect to the emerging complexities in the development and use of new equipment, technologies a

Which of the following are recognized implementation methods, Trail and dis...

Trail and dissemination Parallel conversion Direct conversion Phased conversion

Vender cost , Items purchased from a vender cost $20 every, and the forecas...

Items purchased from a vender cost $20 every, and the forecast for the next year's require is 1,000 units.  The cost of placing an order is estimated to be $5 each time an order is

Market segmentaion, how to write an assignment on market segmentaion

how to write an assignment on market segmentaion

IP Phase V, How much does it cost to get someone to write phase V Individua...

How much does it cost to get someone to write phase V Individual project Strategic Human Capital Management

strategy options for an organization, a) Use modelling tools to make strat...

a) Use modelling tools to make strategy options for an organization. b) Make a comparative understanding of activity from organizations in the market. c) Make options to form the

The strategic option of withdrawal might be considered where, An organizati...

An organization is unable to secure enough resources or competence.

Theories, what are the theories that can be applied at different levels of ...

what are the theories that can be applied at different levels of a business? i.e. Firm Level, Industry level and global level

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