⟩ Tell me What is what factors are taken into consideration while preparing it?
Following factors are taken into consideration while forecasting for sales quantity:
-Analysis of Past Trend
-Reports by Salesmen
-Market Research and Market Survey
-General Economic Conditions
Following factors are taken into account while forecasting for selling price:
-Cost price of the product
-Expected amount of profits
-Selling price charged by the competitors
-Advertisement and sales promotion techniques used by the company.
