Sales Budget: Definition & Examples


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question 1 of 3

What is a sales budget?

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1. If your sales budget shows that you sold 10,000 units of Christmas lights last November and you ran out at your warehouse, what does that tell you about customer expectations?

2. How often do many companies come up with a sales budget?

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About This Quiz & Worksheet

A sales budget is a very important document created and used by businesses. See what you know about the creation, use and personnel related to sales budgets by taking this interactive quiz and completing the worksheet.

Quiz & Worksheet Goals

Your grasp of the following concepts will be assessed:

  • Customer expectations
  • Individuals within a company most knowledgeable about sales budgets
  • Effects of a bad sales budget

Skills Practiced

  • Defining key concepts - ensure that you can accurately define the key term sales budget
  • Information recall - access the knowledge you've gained regarding the recurrence of a sales budget within a company
  • Knowledge application - use your knowledge to answer questions regarding sales budgets

Additional Learning

Review the lesson titled Sales Budget: Definition & Examples to learn about the significance of this type of budget. After completing this lesson your will be able to:

  • Create a sales budget
  • Discuss the purpose of a sales budget
  • List the components of a sales budget