00:01
Hello students, here is a question, let us discuss the answer.
00:04
Forecast can be used for which of the following business activity? so here there are three activities are given.
00:10
So first is strategic planning and the second one is inventory planning and the third thing is budgeting.
00:38
So here we have five options given here.
00:40
So the option says one only, two only, three only, one and two only and fifth option is one, two and so these are the options we have.
01:03
We have to choose the right options from this.
01:07
So forecast play a crucial role in various business activity by providing estimate and prediction about a future events or outcome.
01:16
They are based on historical data, market trends and other relevant factors.
01:19
So let us examine the explanation for each options and understand why option one, two and three is correct.
01:27
So option a is incorrect.
01:29
Strategic planning involves a setting of long -term goals, formulating strategies and allocating resources to achieve these goals...