Provide one reason why a business may decide to create a sales forecast.

One reason a business may decide to create a sales forecast is the fact that it can help a bank decide whether it should lend money to a business. Many banks and lenders like to see evidence or at least an estimate of sales to prove their investment will be worthwhile.

AA
Answered by Asha A. Business Studies tutor

1555 Views

See similar Business Studies GCSE tutors

Related Business Studies GCSE answers

All answers ▸

What does the Blake mouton grid represent?


Discuss the benefits of company (x) becoming a Ltd (private limited company)


Analyse how a capital intensive workforce will benefit a business? (9 marks


Explain the importance of having a unique selling point (USP)


We're here to help

contact us iconContact usWhatsapp logoMessage us on Whatsapptelephone icon+44 (0) 203 773 6020
Facebook logoInstagram logoLinkedIn logo

© MyTutorWeb Ltd 2013–2025

Terms & Conditions|Privacy Policy
Cookie Preferences