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Why is sales forecasting important?
Foundations of Business (MindTap C...
Solutions
Foundations of Business (MindTap C...
Why is sales forecasting important?
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 of Solution
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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