Long Run Production and budget

(Naba Hashmi, )

The sales budget shows the Quantities of each product that the company plans to sell and the intended selling price. It provides the predictions of total revenue from which cash receipts from customers will be estimated, it also supplies the basic data for constructing budget for production costs, and for selling, distribution and administrative expenses. The sales budget is therefore the foundation of all other budgets, all expenditure is ultimately dependent on the volume of sales.

The sales volume is based on working of marketing employees. If employment is increased for advertisement of the products, the volume of sales increases ultimately.

Volume of Production
The advancement of economy is based on long run industries. Budget of production should prepare for long time. Volume of production must be increased. If rate of employment increases in the industries , living standard raises of the people. Economy of the state gets develop.

The production department of a company must to know long term benefits of the natural resources.
Long term benefits of natural resources in the light of Holy Quran.

Indeed, in the creation of the heavens and the earth and the alternation of the night and the day are signs for those of understanding. (Surah al Imran 190).
Who remember Allah while standing or sitting or [lying] on their sides and give thought to the creation of the heavens and the earth, [saying], "Our Lord, You did not create this aimlessly; exalted are You [above such a thing]; then protect us from the punishment of the Fire. (Surah al Imran 191 ).

Comments Print Article Print
 PREVIOUS
NEXT 
About the Author: Naba Hashmi

Read More Articles by Naba Hashmi: 15 Articles with 8183 views »
Currently, no details found about the author. If you are the author of this Article, Please update or create your Profile here >>
26 Oct, 2019 Views: 230

Comments

آپ کی رائے