flexible budget

Definition

A set of revenue and expense projections at various production or sales volumes. The cost allowances for each expense are able to vary as sales or production vary.

“ They did not have a very flexible budget to work with and that came across in their day to day activities. ”

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“ The flexible budget had included the cost of hiring a consultant who would be able to help coordinate and delegate tasks. ”

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“ You need to try and keep a very flexible budget so that you can afford to take on good opportunities when they present themselves. ”