Question: (A) Forecasting and budgeting are two essential elements for the catering business. A realistic budget relies on accurate forecasting. Briefly describe the relationship between forecasting

(A) Forecasting and budgeting are two essential

(A) Forecasting and budgeting are two essential elements for the catering business. A realistic budget relies on accurate forecasting. Briefly describe the relationship between forecasting and budgeting. (10 marks)

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