Zero Based Budgeting

Zeo based budgeting stands on the concept of zero-base. Every business plans out a budget plan for every year and never go for a recheck on all activities those included in the budget.

But in Zero-based budgeting, every function needs an approval before commencing and every year the budget planned taking budget as a zero base. In Zero-based budgeting, every activity or function is same as other.

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