Business Forecasting Is an Estimation of Future Events

question 90

True/False

Business forecasting is an estimation of future events.

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Definitions:

Manufacturing Business

A company that produces goods using labor, equipment, and materials, often on a large scale.

Dressmaking Company

A business specializing in creating custom clothing and alterations.

Service Business

A business that provides intangible products or services to customers, rather than physical goods.

Law Firm

A business entity formed by one or more lawyers to engage in the practice of law.