Question

Planning and forecasting are the same. (True/False)

explain pls​

Answer 1

Answer:

TRUE

Explanation:

It is true that planning and forecasting both are concerned with failure. We can only predict the future but we can not decide the situations to be held in future. Forecasting is helpful in all the process of management but it just reduces the risk of uncertainties.

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Answer 2

To see into future is planning
And to predict the future of an organisation depending upon data or drastically is forecasting
So both are equally important
TRUE