A projection of likely sales revenue for a business, based on an analysis of market trends and broad economic trends, industry surveys, previous sales history, and input from the sales team and existing customers. It is a vital part of the management strategy of any business, as sales will normally be the main form of income and cash flow. Without an accurate Sales Forecast, a business cannot successful plan for the future or determine the stock and assets which it needs to have in place, as well the expenses which it may incur.
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Sales Forecast
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