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Budget Allocation
The distribution of financial resources among different areas or projects.
Implications
The process of distributing financial resources across different departments, projects, or initiatives within an organization, aligning with strategic goals.
Example
Example: A company allocates its budget across marketing, R&D, and operations based on the strategic priorities for the upcoming year.
Related Terms
Different from budget planning, which involves creating the overall budget, allocation is the distribution of available funds to specific areas.
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