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English definition of “zero-based budgeting”

zero-based budgeting

noun [U] ( abbreviation ZBB)     ACCOUNTING
a method for business budgets in which all costs are considered again each year, and each department must say why it needs the amount it asks for: Zero-based budgeting asks managers to examine the services they are required to deliver and then build up their cost structure from scratch.
(Definition of zero-based budgeting noun from the Cambridge Business English Dictionary © Cambridge University Press)
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