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Outline the limitations of budgeting in an agricultural business.

      

Outline the limitations of budgeting in an agricultural business.

  

Answers


Jim
-Budgeting in practice ignores diminishing marginal returns, constant average costs and returns being the generally used assumptions.
-Forecasting future yields, prices and incomes are difficult.
-It does not consider supplementarity or complementarity between enterprises.
-It is a trial and error method.

jim items answered the question on October 18, 2018 at 10:37


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