Question: Forecasting is an attempt to look at how the future of a business looks like and certain assumptions need to be made for this. Before

Forecasting is an attempt to look at how the future of a business looks like and certain assumptions need to be made for this. Before making these assumptions, the following considerations are important:

a) How will changes in the market affect the forecast? b) How customer behavior will change. c) How many resources will be required, the amount to be spent in advertising, and factors that are driving and hurting the sales.

please, short answer maximum 2 paragraphs answering the above questions, do not add additional information just answer the questions directly.

Kindly, I would like a written answer, not a picture.

Thank you in advance for not copying other's answers. << important

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!