What are consumer goods?

The definition of consumer goods are those final goods in the production process of a economía. They are designed to directly meet the needs of people. There are several classes of economic goods depending on the role they play: Capital goods: used to produce other goods. Intermediate goods: through its transformation other goods are obtained. … Read more

What is a budget?

The concept of budget refers to the set of forecasts and resources that a company has. The accounting budget itself is the company's forecast to face its expenses and payments and predict the future based on the economic results obtained and their cash flows. Within this definition of budget the financial control or expense control … Read more