IBC2 - Budget

In financial projection, our business case's revenue MUST be estimated on the company’s past record.

• YES

• NO

Our project is about selling products through mobile apps. Thus, we don't need to have inventory cost.

• YES

• NO

What is the seed funding required for this budget

? (Please refer to the image attached)

• RM30,000

• RM65,000

• RM55,000

• RM73,000

Every financial figure should be clearly justified and shown in appendix.

• YES

• No

🌟 Imagine May and Jack are discussing their sales strategy. They estimate that sales will increase by 20% every year! Do you think all their expenses will also increase at the same rate? 🤔

• YES

• NO

When we throw an epic launching ceremony, should we include the expenses in our initial once-off cost?

• YES

• NO

Salary for each team member should be included in the Financial Projection.

• YES

• NO

If you were to choose between these two amounts, which one would be easier to read at a glance?

• $4367434.05

• $ 4,323,348.50

To cut cost, do you think we should maintain the salary rate throughout the 3 years of the project?

• YES

• NO

As a team, we will submit an exellent business case next week.

• Definitely!

• Of course!

• No doubt about it!