A Forecast Is a Prediction of the Future,often Based on Past

question 16

True/False

A forecast is a prediction of the future,often based on past performances.

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Definitions:

Entrepreneurship

is the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

Sequential Steps

Ordered or successive actions or stages through which a process or activity is carried out.

Franchising Costs

The various fees and investments required to start and operate a franchise, including initial franchise fees, ongoing royalties, and marketing expenses.

Monthly Royalty

Regular payments made, usually on a monthly basis, to an individual or organization for the use of property, particularly intellectual property like patents, copyrighted works, or trademarks.