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Forecasting sales would be 3 type.
1. Seasonal ( festivals, events, famous dates, sports events, movie manias.. etc)
2. Demand based ( Completely depends on the demand our product has now and in the future).
3. Creating new waves (People get behind the new and happenings like crazy).
What else can I help you with?
'What is the difference between sales forecast and sales plan?
Roughly, a Sales Plan is your strategie for achieving sales (purchases). A Sales forecast is an estimate at the beginning of a time period of how much one expects to sell.
The percent-of- sales method can be used to forecast?
Direct costs
What are the limitations of a sales forecast?
The limitations of a sales forecast include a lack of knowledge regarding new products from other vendors and economic downturns. These changes in the economy can greatly affect the results.
Relationship between market demand market potential and sales forecasting?
demand forecasting is crucial for sales forecast
What is the difference between sales and production forecasts?
A forecast of Sales is calculating the amount of items you expect to sell over a certain period, whereas a Production forecast is calculating the amount of items you expect to produce over a certain period.
'What is the difference between sales forecast and sales quota?
what is sales forecast
Where can one get sales forecast software?
There are many places where one could obtain sales forecast software. One could check sites such as Sales Force for purchasing sales forecast software.
'What is the difference between sales forecast and sales plan?
Roughly, a Sales Plan is your strategie for achieving sales (purchases). A Sales forecast is an estimate at the beginning of a time period of how much one expects to sell.
What is the different between sales forecast and sales plan?
Sales plan is prepared based on sales forecast which is from previous experiance or on based on market research or intuition, an estimate that how much sales will be required in future.
How managerial economist help for sales forecasting?
sales forecast
What is The usual starting point for a master budget?
the sales forecast or sales budget.
The percent-of-sales method can be used to forecast?
The percent of sales can be used to forecast the price of different types of goods. This can help the marketers know which goods are the most marketable.
Difference between sales plan and sales forecast?
A sales plan and a sales forecast are essentially the same, however the big difference is one is a set plan for the whole year. It is mostly used with larger corporations to single out units. A sales forecast is set at the store/branch level and is there to help with the changing situations (ie weather, natural disasters, and the such) A plan is what you are going to do and a forecast is what you think is going to happen. There should be a link between the two, but you may not have the capacity to make all that you could sell.
The percent-of- sales method can be used to forecast?
Direct costs
What are the limitations of a sales forecast?
The limitations of a sales forecast include a lack of knowledge regarding new products from other vendors and economic downturns. These changes in the economy can greatly affect the results.
Is cash flow projection is the same as sale forecast?
Yes cash flow projection is same like sales forecast. In sale forecast market data is used to determine the future sales while in cash projection all sales purchases projection is done to find out when will cash inflow and outflow occur.
Should the A G Refrigerators sales budget be lower higher or equal to the sales forecast and why?
If you have a stable market in which you operate, then you could forecast for the sales. Normally sales budget should not exceed the sales forecast. Exceeding the sales budget over the forecasted sales can help the firm invest more capital in marketing and promotions. The Sales forecast would be beneficial for the production department.
