Question

A sales forecast
Select one:
a. shows a forecast for the firm only.
b. shows a forecast for the industry only.
c. shows forecasts for the industry and for the firm.
d. plays a minor role in the development of the master budget.

Answer 1

Answer:

c. shows forecasts for the industry and for the firm.

Explanation:

Sales Forecasting is an estimation of a business's sales for the future, this can be calculated monthly, annually, etc. This forecasting's objective is to help the business to make informed decisions to improve their performance in managing their resources, workforce and cash flow.

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