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InterviewSolution
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“Forecasting is the essence of planning.”1. Do you agree?2. Explain. |
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Answer» 1. Yes. 2. Forecasting is the essence of planning. Forecasting involves assessing the future. Forecasting is a process of predicting relevant future situations that are likely to affect the activities of the organisation. Customer’s demand, competition, government policies, etc. can be assessed through forecasting. Forecasting helps an organisation to prepare plan efficiently and effectively |
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