Explain what forecasting is and its benefits to organisation


Business Decision Making:

The Board meeting of WLCBMS is fast approaching and you have been asked to present your findings in the meeting. You have to produce a Report and a PowerPoint Presentation to the Board:

In your PowerPoint:

1. Explain what forecasting is and its benefits to an organisation.

2. Explain the relation between sales, cost and profit of the organisation.

In your report

1. Discuss the future prospects of the organisation.

You should include the following on your answer:

• Use Microsoft PowerPoint to make a presentation (minimum of 10 slides)
• Write a formal business report using the correct format.

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Business Management: Explain what forecasting is and its benefits to organisation
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