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What is the functional budget one could use?

August 18, 2011


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Functional budget means a budget for a certain activity or department. It is an estimation of income and expenditure applicable to that particular activity.

A functional budget includes:
- production cost budget
- personnel budget
- marketing cost budget
- sales budget
- purchasing budget
- research and development budget.

The expense areas listed above can be covered by various revenue sources.

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