A budget serves as much as a control tool as a planning tool because ________
A) it aids in the coordination and communication among various business functions
B) it helps to evaluate customer needs and feedback
C) it is a benchmark against which actual performance can be compared
D) it helps.to make predictions about the future
Answer: C
Business
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Firms that have integrated low-cost and differentiation positions can be found in most
industries. Indicate whether the statement is true or false
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