Question: Explain the link of forecasting from the starting point. Include: Corporate planning and control The functional areas of finance and accounting for budgetary planning and

Explain the link of forecasting from the starting point. Include: Corporate planning and control The functional areas of finance and accounting for budgetary planning and cost control Production and operations personnel use of forecasting to make periodic decisions involving process selection, capacity planning, facility layout, personnel recruitment, purchasing, production planning, scheduling, and inventory management. (WLO 2)

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