In business,forecasts are the basis for:
A)sales planning
B)inventory planning
C)production planning
D)budgeting
E)All of the above

Question

In business,forecasts are the basis for:
A)sales planning 
B)inventory planning 
C)production planning 
D)budgeting 
E)All of the above

Quizplus · Accepted Answer

All of the above options are based on accurate forecasts, i.e., sales planning, inventory planning, production planning, and budgeting. The forecasts give a detailed view of expected demand, market trends, and other factors, which help businesses in making crucial decisions related to their operations. So, all the options mentioned above rely on accurate forecasts to streamline their processes and achieve success.

In Business,forecasts Are the Basis For