When properly performed, bottom-up budgeting has the disadvantage of: A reduction of top management's control of the budget process to one of oversight. A lack of coordination among project managers and functional department heads. A lack of detail needed in project plans. Being a hindrance to top managers when prioritizing projects that are competing for the same scarce resources.

A reduction of top management's control of the budget process to one of oversight.

Explanation:

Budgeting can be defined as a financial plan which helps different organizations in the control of their various revenues. Budgeting can also be described as a forecast of how much a company expect to sell and also how much they expect to spend on various costs.

Advantages of budgeting include:

- It helps an organization to achieve their objectives and goals.

- It helps businesses to decide on essential areas to channel their resources to.

Disadvantages of budgeting include:

- a budget may be inaccurate because it is prepared on the basis of assumptions.

- it is expensive and consumes a lot of time.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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