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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Why is sales forecasting important?

Summary Introduction

To determine: The importance of sales forecasting.

Introduction: Sales forecasting is the procedure assessing future sales. Precise sales estimates empower organizations to settle on educated business decisions and anticipate shirt-term and long-term performances.

Explanation

The importance of sales forecasting are as follows:

  • Estimating the sales capability of particular kinds of market divisions encourages an organization to formulate several vital decisions, for example, the possibility of entering new sections...

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