Discuss the Difference Between Sales Forecasts and Company Sales Potential

question 64

Essay

Discuss the difference between sales forecasts and company sales potential. Why is it important for a marketer to be able to forecast sales?

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Definitions:

Bar Chart

A graphical representation of data using bars of varying heights or lengths to show the values across different categories.

Frequency Polygon

A graphical representation of the distribution of a dataset that uses lines connecting points representing the frequencies of respective values.

Initial Understanding

The foundational or basic comprehension of a concept, phenomenon, or situation before further, deeper learning takes place.

Dependent Variables

Variables in an experiment that are expected to change as a result of changes made to the independent variables.