ocr: Identify. the Limiting Factor The limiting factor is the critical element which represents an overriding constraint on all the remaining component parts of the budget. For example, there is little point in an organisation producing a given quantity of output ifiti is unable to sell that given quantity in the marketplace. Indeed, for commercial organisations who contront a highly competitive marketplace, the sales budget will normally need to be established tirst before the remaining subsidiary budgets are drawn up. An organisation which holds a dominant position in a relatively monopolistic ma ...
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