Using your operational budget as a guide, conduct a budget analysis and determine three potential areas or aspects of your business that could receive cuts to reduce spending.

Using your operational budget as a guide, conduct a budget analysis and determine three potential areas or aspects of your business that could receive cuts to reduce spending. These cuts may be broad (e.g., an overall staff reduction of X%) or targeted (e.g., switching from expensive oak to much cheaper pine for the production of skateboards). You must identify three potential cuts that can be made. There are almost always multiple opportunities for budget cuts in any organization.For inspiration, research recent spending cuts in your market sector. What are other companies cutting spending for? Why?Using the information from your budget analysis, generate three separate budgets that account for these proposed cuts. Which saves the most money? Which makes the most sense for your business?Gather all three budgets into a single document for submission.Be prepared to explain and support your decisions in class or in the Budget Analysis Discussion Board.