Forecasting in Business - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 6 pages of information about Forecasting in Business.

Forecasting in Business - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 6 pages of information about Forecasting in Business.
This section contains 1,637 words
(approx. 6 pages at 300 words per page)
Buy the Forecasting in Business Encyclopedia Article

Business leaders and economists are continually involved in the process of trying to forecast, or predict, the future of business in the economy. Business leaders engage in this process because much of what happens in businesses today depends

Procter and Gamble was the subject of an FDA investigation in 1993. Procter and Gamble was the subject of an FDA investigation in 1993.

on what is going to happen in the future. For example, if a business is trying to make a decision about developing a revolutionary new automobile, it would be nice to know whether the economy is going to be in a recession or whether it will be booming when the automobile is released to the general public. If there is a recession, consumers will not buy the automobile unless it can save them money, and the manufacturer will have spent millions or billions of dollars on the development of a product that might not sell...


(read more)

This section contains 1,637 words
(approx. 6 pages at 300 words per page)
Buy the Forecasting in Business Encyclopedia Article
Copyrights
Macmillan
Forecasting in Business from Macmillan. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.