why forecasting is so important in business?

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why forecasting is so important in business?

2006-07-22 14:20:08 · 2 answers · asked by wilfredo292002 1 in Business & Finance ➔ Other - Business & Finance

2 answers

If you don't know where it is you are going, how will you know if you get there?

2006-07-22 14:22:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋

If you don't forecast sales, you have no idea what to make, how much of it to make,how many workers to hire, how much raw material you need to buy, how big your factory should be, etc.

2006-07-22 15:14:27 · answer #2 · answered by ps2754 5 · 0⤊ 0⤋