Questions: The estimate of future outcomes stemming from a strategic plan is a(n) a.) sales forecast b.) financial forecast c.) AFN forecast d.) economic forecast

The estimate of future outcomes stemming from a strategic plan is a(n) a.) sales forecast b.) financial forecast c.) AFN forecast d.) economic forecast
Transcript text: The estimate of future outcomes stemming from a strategic plan is a(n) $\qquad$ a.) sales forecast b.) financial forecast c.) AFN forecast d.) economic forecast
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Solution

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The answer is the second one (b): financial forecast.

Explanation for each option:

a.) Sales forecast: This specifically refers to predicting future sales volumes and revenue. While it is a component of a financial forecast, it does not encompass all aspects of future outcomes from a strategic plan.

b.) Financial forecast: This is the correct answer. A financial forecast estimates future financial outcomes, including revenues, expenses, and profits, based on a strategic plan. It provides a comprehensive view of the financial implications of the plan.

c.) AFN forecast: AFN stands for Additional Funds Needed. This type of forecast is used to determine the additional financing required to support a company's growth. It is more specific than a general financial forecast.

d.) Economic forecast: This involves predicting broader economic indicators such as GDP growth, inflation, and unemployment rates. While it can influence strategic planning, it is not directly an estimate of outcomes from a specific strategic plan.

In summary, a financial forecast is the most comprehensive estimate of future outcomes stemming from a strategic plan.

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