Which of the following statements is false regarding the process of preparing a sales forecast?
A) It usually starts with last year's level of sales.
B) General economic trends are often considered.
C) Since it involves estimates of future events,accuracy is of little importance.
D) The larger the size and complexity of an organisation,the more complex their sales forecasting system will be.

Question

Quizplus · Accepted Answer

Accuracy is crucial in preparing a sales forecast, as it helps businesses make informed decisions regarding production, inventory, staffing, and financial planning. Inaccurate forecasts can lead to missed opportunities or losses in sales and revenue. Therefore, this statement is false.

Which of the Following Statements Is False Regarding the Process