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If the price of TVs produced by XYZ-TV Company falls from increases from $1,000 to $1,250 per TV set, then the:
Scenario Analyses
A process of examining and evaluating possible events or scenarios the future could hold and their potential impacts on business operations.
Risk
The exposure to potential financial loss or uncertainty in the outcome of an investment.
Planning
Planning in a financial context involves the process of setting goals, developing strategies, and outlining tasks and schedules to achieve financial objectives efficiently.
Percentage of Sales Methods
A financial forecasting model that bases future year's projections for various financial items as a fixed percentage of the annual sales figure.
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