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Budgeting & Forecasting: Three environmental conditions impacting a forecast

Identify a minimum of three current environmental conditions that would impact the preparation of a forecast. Explain how and why they would impact a forecast. Examples are weather conditions, government regulations, war, political unrest, etc.

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Right now there are a number of factors that will affect the fuel cost for transporting goods. The government is still fighting to pass Cap N Trade which will regulate energy sources and impose new taxes. The same bill will attempt to restrict the profitability of the oil companies by a number of means. First, they will impose new regulations that will incur internal costs to enforce. They will impose high ...

Solution Summary

This solution describes environmental factors that could affect a forecast. It is 315 words.