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
Related Business Studies GCSE answers
All answers ▸Explain two benefits to a business of using part-time staff
What impact does business structure have on the success of the business?
What is the differences between Primary and secondary research?
Construct a break-even graph and evaluate its usefulness as a finance tool.