Cakes for all, a large u.s. bakery retail chain, determines their budget using a top-down budget which is determined at the corporate level.
What is a top-down budget?
"budget allocation" is a type of top-down budgeting.
It starts with a fixed amount and distributes cash and resources among departments in accordance, leaving it up to them to come up with new plans or scale back on their current ones in accordance with the resources they have been given.
What are it's advantages?
Top-down budgeting helps lower management by saving time.
Lower-level managers are given an existing budget to implement rather of having to spend time generating one from start.
This spares the management the time and resources they would have needed to create the budget.
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