Some alternative methods to budget planning in business include zero-based budgeting, where every expense must be justified for each new period, and flexible budgeting, which adjusts to changes in volume and activity. Another method is incremental budgeting, where the current budget is prepared using the last budget and incremental amounts. There's also activity-based budgeting, which is based on the level of activities that will be undertaken during a period. Lastly, value proposition budgeting focuses on funds allocation to drive value to customers.
How do you grow your business with informed decisions? Budget planning is a powerful tool to manage...
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