Introduction……………………………………….……………………………………………31. The purpose and nature of the budgeting process in order to set out financial plans for TFH…… For TFH Company, the typical objectives are: Increase the sale volume of two new products Increase the profitability Increase the quality for two new products Increase the satisfaction of customersTo be able to create a budget, we need find out about the purpose and nature of it, in addition to the budget method. Formulating a realistic business budget is an effective way to help keep TFH profitable. It’s important knows how to create a business budget that keeps TFH’s finances under control and working for them.…..
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