Forecasting sales is the same as forecasting demand.

Name: Forecasting sales is the same as forecasting demand.
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Question

Quizplus · Accepted Answer

Forecasting sales involves predicting the amount of product a company will sell, while forecasting demand estimates the desire or need for a product among consumers. Sales forecasts consider factors like historical sales data and marketing efforts, whereas demand forecasts focus on consumer behavior and market trends.

Forecasting Sales Is the Same as Forecasting Demand