Question

Demand forecasting is predicting
future demand
for .
a 'product'
What are the possible consequences
if a large-scall firm places
its product in the market without
having estimated the demand for
its product​

Answer 1

Explanation:

Sales forecasting helps with business planning, budgeting, and goal setting. Once you have a good understanding of what your future sales could look like, you can begin to develop an informed procurement strategy to make sure your supply matches customer demand.

It allows businesses to more effectively optimize inventory, increase inventory turnover rates and reduce holding costs.