oboloo Glossary

Flexible Budget Formula

oboloo Glossary

Flexible Budget Formula

The Flexible Budget Formula is an important part of any business, as it helps ensure that a company allocates its resources in the most effective way. In brief, the formula allows a business to create a budget based on the current operational environment; this results in a budget that is adjustable and responsive to fluctuating conditions. By using a flexible budget, companies can set accurate targets and goals, while also making smart decisions regarding their resource allocations. So, if you’re in business and looking to maximize your potential, get familiar with the Flexible Budget Formula today!