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.
Use flexible budget in a sentence
“ They did not have a very flexible budget to work with and that came across in their day to day activities. ”
“ The flexible budget had included the cost of hiring a consultant who would be able to help coordinate and delegate tasks. ”
“ You need to try and keep a very flexible budget so that you can afford to take on good opportunities when they present themselves. ”
