Title: Identify the components of a budget.
Course: Small Business Marketing (12161) > Section: Describing the Nature of Budgets

Components include

- revenue
- expenses
- profit
- cash flow
- cash reserves.

Process/Skill Questions:

- How does a business estimate its revenue for a budget? Why is it important to base this on accurate sales data or market trends?
- How does separating fixed expenses from variable expenses help a business better manage its budget?
- How is profit calculated in a business budget?
- What is cash flow in a business? How can tracking the timing of money inflow and outflow help a business avoid financial problems?