231k views
4 votes
TP5.
LO 7.2How might service industries predict revenue?

1 Answer

7 votes

Answer:

Budgeting, forecasting and planning

Step-by-step explanation:

Service industries uses budgeting, which includes expected sales and operational cost, to forecast, plan and predict revenue. With regards to forecasting; historical or past company data are used to make sound prediction.

User Marnir
by
8.8k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.