First step in developing an operating budget is to

The correct answer is: A. identify product.

An operating budget is a financial plan for a company’s operations for a specific period of time, typically one year. It is used to forecast revenues, expenses, and profits. The first step in developing an operating budget is to identify the products or services that the company will sell. This information is used to estimate the company’s revenue.

The other options are incorrect because:

• B. identify problem is not a necessary step in developing an operating budget. A company may develop an operating budget even if it does not have any problems.
• C. identify quartiles and D. identify percentiles are statistical terms that are not used in developing an operating budget.

I hope this helps! Let me know if you have any other questions.