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\nFactors Influencing Sales Forecasts in Financial Planning Process\n

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\nThis video provides an overview of the factors that influence the accuracy and reliability of forecasts in the financial planning process, specifically focusing on sales forecasts. The speaker discusses the challenges of forecasting and...\nThis video provides an overview of the factors that influence the accuracy and reliability of forecasts in the financial planning process, specifically focusing on sales forecasts. The speaker discusses the challenges of forecasting and how social changes, changes in the economic and competitive environment, and seasonal variations all impact sales forecasts. The speaker also highlights the importance of understanding the economic environment in which a business operates, including factors such as GDP, inflation, unemployment, interest rates, government policies, and global trade relations. The video offers insights into why forecasting is not an exact science and how businesses can improve forecasting accuracy over time.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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12:59
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Grade
Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Business\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Concepts

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business, factors, sales, exchange rates, periods, demand, time
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Additional Tags

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a-level, edexcel, only, influencing, forecasts, sales forecast, lecture presentation, higher levels, economic environment, trading year, online shopping, business operates, lower demand, online, forecast, changing, growth, potentially, product, businesses, constantly, preferences, company, apple, stock, affects, important, examples
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Factors Influencing Sales Forecasts in Financial Planning Process\" href=\"/subscription/new\">\"Factors\n\n
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