It is a group eassy which is to discuss whether budgeting should be abolished，my job is to write three advantages of budgeting.
Please focus on the following points and expand them to around 400 words
1.Planning orientation. The process of creating a budget takes management away from its short-term, day-to-day management of the business and forces it to think longer-term.
2.Cash allocation. There is only a limited amount of cash available to invest in fixed assets and working capital, and the budgeting process forces management to decide which assets are most worth investing in.
3.Bottleneck analysis. Nearly every company has a bottleneck somewhere, and the budgeting process can be used to concentrate on what can be done to either expand the capacity of that bottleneck or to shift work around it.
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