Typically the Financial Planner Will Need to Make a Number

question 22

Essay

Typically the financial planner will need to make a number of assumptions in the preparation of a comprehensive and detailed SOA. Provide details as to some of the assumptions used by the financial planner including the basis for the relevant amounts.

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Definitions:

Overall Market

The total demand and supply in a given market, encompassing all consumers, producers, goods, and services.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Forward Buying

The practice of purchasing goods in advance of need, often in larger quantities, to take advantage of favorable pricing, secure inventory, or hedge against future price increases.

Market Growth

An increase in the demand for a particular product or service over time, often measured by changes in sales and market share.