Question

A manager is required to make certain assumptions about the future which may be the form of forecasts .this step is planing process is known as

Answer 1

Answer:

business forecasting

Answer 2

Business Forecast

Explanation:

• Business forecasting is an act of predicting future economic and financial condition of a venture or a business based on current present information.
• It is used as  to get a perspective vision of future business growth, expenditure ,sales and other things.
• By analyzing past economic and condition and present economic condition , a business forecast can be done accurately, provided we are using flawless data .
• In a nutshell it is calculating probabilities about course of events  and so it requires a proper  research and scientific backing.