Answer:
Production Budget
Explanation:
Production Budget is usually substituted with Purchasing budget for a retail company.
The operating budget usually consist of the:
However, for a retail company that usually do not produce their products or inventory but purchase them, the Production Budget is usually substituted with Purchasing budget or merchandise inventory to be purchased; meaning since they do not have raw materials they substitute the number of units to be purchased, to the number of units to be produced.
