What is the primary objective of a budget plan?

The primary objective of a budget plan is to effectively allocate resources to meet the organization's goals. A budget serves as a financial blueprint that guides decision-making and resource allocation across various departments or projects within an organization. By outlining expected revenues and expenditures, a budget helps ensure that resources are directed towards areas that align with the strategic objectives of the organization.

When resources are allocated effectively, it enables the organization to achieve its targets, maintain financial health, and support sustainable growth. This overarching goal of aligning financial resources with strategic goals is central to the budgeting process, making option A the correct choice.

While minimizing operational costs, forecasting market trends, and gathering stakeholder feedback are important activities in their own right and can play a role within the budgeting process, they do not encompass the primary objective of a budget plan. These elements can support the effectiveness and execution of a budget, but the principal aim remains focused on resource allocation in pursuit of the organization's objectives.