Definitions from the Web
Term: Revenue Budget
Description:
A revenue budget refers to a financial plan that outlines the estimated income or revenue a business or organization expects to generate over a specified period. It serves as a crucial tool for managing and projecting income streams, assisting in decision-making and resource allocation.
Sample Sentences:
- The company's revenue budget for the upcoming year predicts a significant increase due to the launch of their new product.
- As a nonprofit organization, creating a realistic revenue budget is vital to ensure adequate funding for our programs.
- The marketing department is responsible for analyzing market trends to develop an accurate revenue budget for the next quarter.
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