Answer:
Step-by-step explanation:
The entrepreneur's mistake in using the monthly average sales records of all the successful bakeries in his state for his sales forecast is that he is assuming that his bakery will perform similarly to those successful bakeries. However, every bakery is unique in terms of its location, products, prices, and customer base. Therefore, using the average of other bakeries' sales records may not accurately predict the sales of the entrepreneur's bakery.
Additionally, the entrepreneur should consider the seasonality of bakery sales, as they may vary by month and also by year. For instance, sales may be higher during the holidays and lower during the summer months. The entrepreneur should also consider other factors such as marketing, competition, and the availability of resources, among others.
Therefore, while obtaining information from other bakeries can be helpful, the entrepreneur should use this data in combination with their knowledge of their own business to make informed sales forecasts. They should take into account the unique factors of their bakery and their business plan to make a more accurate and realistic sales forecast.