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As an entrepreneur, what should be my main objective or focus in terms of forecasting in opening a restaurant?

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As an entrepreneur, the main objective in terms of forecasting is to try and estimate profitability levels as accurately as possible for the restaurant. The entrepreneur should prepare a comprehensive forecast based on industry data and trends that also considers current economic conditions. The entrepreneur's additional objective in ...

Solution Summary

This solution explains the main objective or focus when preparing a forecast for the opening of a restaurant. The reasons for the main objective selected are also thoroughly explained.