Zero Based Budgeting: A Detailed Technique for Cost Control
VerifiedAI Summary
This article discusses the significance of using zero based budgeting technique in complex economic situations. It explains how this technique is used by companies to represent all different expenses occur in the respective financial year in different categories. The article also highlights the detailed nature of this technique and how it allows the venture to control the total cost of operations. It further explains how zero based budgeting is a well suitable method in the time of economic turbulence or complex economic situation associated with the business venture.