Discuss the strategic importance of forecasting. What strategic decisions do organizations need to make in terms of forecasting? What are some examples?© BrainMass Inc. brainmass.com March 21, 2019, 8:37 pm ad1c9bdddf
Forecasting for example regarding Sales Forecast shows potential sales for the industry and the company's expected share of such sales. Sales forecasting involves a consideration of various factors which will lead to strategic decisions.
(1) What are the general economic conditions?
(2) What ...
This solution is comprised of a detailed explanation of the importance of forecasting, what decisions organizations need to make in terms of forecasting, and gives examples.