Explain one reason why the head of each division of Buy it Direct is responsible for managing its own budget - Edexcel - A-Level Business - Question 2 - 2022 - Paper 2
Question 2
Explain one reason why the head of each division of Buy it Direct is responsible for managing its own budget.
A budget is a financial plan of income and expenditure... show full transcript
Worked Solution & Example Answer:Explain one reason why the head of each division of Buy it Direct is responsible for managing its own budget - Edexcel - A-Level Business - Question 2 - 2022 - Paper 2
Step 1
Knowledge
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Answer
A budget is a financial plan that outlines expected income and expenditure.
Step 2
Application
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Answer
Buy it Direct operates through various divisions like computers, electrical appliances, and furniture, each with its own budget to manage.
Step 3
Analysis
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Answer
This may act as a motivator because each head of division is trusted to set their own budgets, which enables the Chief Executive to set targets for each division and monitor its performance.
