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Organizational Buyers A large portion of the market for goods and services is attributable to organizational, as opposed to individual, buyers.  In general, organizational buyers, who make buying decisions for their companies for a living, tend to be somewhat more sophisticated than ordinary consumers.  However, these organizational buyers are also often more risk averse.  There … Read more
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OBJECTIVES OF BUDGET PREPARATION During budget preparation, trade-offs and prioritization among programs must be made to ensure that the budget fits government policies and priorities. Next, the most cost-effective variants must be selected. Finally, means of increasing operational efficiency in government must be sought. None of these can be accomplished unless financial constraints are built … Read more