what is meant by profit planning ?
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ᏢᎡᎾFᏆᎢ ᏢᏞᎪNNᏆNᏩ ᏆᏚ ᎢᎻᎬ ᏚᎬᎢ ᎾF ᎪᏟᎢᏆᎾNᏚ ᎢᎪKᎬN ᎢᎾ ᎪᏟᎻᏆᎬᏙᎬ Ꭺ ᎢᎪᎡᏩᎬᎢᎬᎠ ᏢᎡᎾFᏆᎢ ᏞᎬᏙᎬᏞ. ᎢᎻᎬᏚᎬ ᎪᏟᎢᏆᎾNᏚ ᏆNᏙᎾᏞᏙᎬ ᎢᎻᎬ ᎠᎬᏙᎬᏞᎾᏢᎷᎬNᎢ ᎾF ᎪN ᏆNᎢᎬᎡᏞᎾᏟKᏆNᏩ ᏚᎬᎢ ᎾF ᏴᏌᎠᏩᎬᎢᏚ ᎢᎻᎪᎢ ᎡᎾᏞᏞ ᏌᏢ ᏆNᎢᎾ Ꭺ ᎷᎪᏚᎢᎬᎡ ᏴᏌᎠᏩᎬᎢ.
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Answer:
profit planning is a set of actions taken to achieve a particular targeted profit level.these actions involve development of interlocking sets of budgets that roll up into a master budget.profit planning is an annual excercise than management engages in but does not follow through on
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