Impact Of Budgeting And Budgetary Control On The Profitability Of Smes No Interpretation, 5)

CHAPTER ONE INTRODUCTION 1.1 Background to the Study Wants are numerous while resources are limited but there is every tendency to waste or under-utilise the limited resources by the human factor involved in the production of goods and services. With various companies competing with one another, only few that are able to produce at least possible cost will survive the growing competition in the market.  Therefore, it is paramount for every serious business undertaken to produce at that possible minimum cost so as to remain in business and also achieve the corporate objectives of profitability …