A budget which is made without regard to potential variations in business activity. Such budgeting might be effective for companies with low variable costs, but otherwise is likely to be inaccurate.
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Definition of fixed budget: A budget which is made without regard to potential variations in business activity. Such budgeting might be effective for companies ...
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No small business can survive without knowing exactly where money goes or knowing whether or not expenditures and investments pay off in the long run.
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Definition of fixed budget: Financial plan designed to remain unchanged irrespective of the fluctuations in a firm's output.
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