zero-based budgeting Meaning in the Cambridge English Dictionary
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Meaning of “zero-based budgeting” in the English Dictionary

"zero-based budgeting" in Business English

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zero-based budgetingnoun [U]

( abbreviation ZBB) uk   us   ACCOUNTING
a ​method for ​businessbudgets in which all ​costs are considered again each ​year, and each ​department must say why it ​needs the ​amount it ​asks for: Zero-based ​budgetingasksmanagers to ​examine the ​services they are ​required to ​deliver and then ​build up their ​coststructure from scratch.
(Definition of zero-based budgeting from the Cambridge Business English Dictionary © Cambridge University Press)
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