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Which Common Techniques Are Required to Calculate the Forecasting Income? - Entrepreneurship

Short Note

Which common techniques are required to calculate the forecasting income?

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Solution

Following are the most commonly adopted techniques for forecasting:
(i) Marketing research
(ii) Industry sales
(iii) Survey of buyers’intentions
(iv) Expert opinions
(v) Financial data on similar start-ups
(vi) Some trial experience of self or others.

Concept: Business Plan - Components of Financial Plan
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APPEARS IN

CBSE Class 12 Entrepreneurship Textbook
Chapter 2 Enterprise Planning
Short Answers (75 words) | Q 3 | Page 88
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