The tool which an administrator uses to plan for profits by anticipating revenues and expenses is a:
A)Sales forecast.
B)Budget.
C)Sales potential.
D)Strategic marketing plan.
E)Sales quota.

Question

Quizplus · Accepted Answer

A budget is a financial plan that outlines an organization's anticipated revenues and expenses over a specified period. It allows administrators to plan for profits by forecasting their income and expenditures, allowing them to make informed decisions about future investments and expenses. Sales forecasts, sales potential, strategic marketing plans, and sales quotas are all related to revenue generation, but they do not provide the same level of detail and analysis as a budget.

The Tool Which an Administrator Uses to Plan for Profits