Business GCSE
Budget
What Budget means in Business GCSE, as defined for OCR.
Definition of Budget
A financial plan that sets out expected income and expenditure over a specific future period.
Topics that use Budget
- The role of the finance function (OCR GCSE)
Related terms
Using Budget in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
Practise Business questions
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