Definition of Sales forecast:
Projection of achievable sales revenue, based on historical sales data, analysis of market surveys and trends, and salespersons estimates. Also called sales budget, it forms the basis of a business plan because the level of sales revenue affects practically every aspect of a business. See also sales target.
How to use Sales forecast in a sentence?
- You should put together a good sales forecast to try and predict how things will go with your new product.
- Our sales forecast was going well and we thought we would be getting a lot more revenue this year. compared to last.
- The trending sales forecast was overshadowed by new competition opening a business down the street forcing the owners to lay off poor workers.
Meaning of Sales forecast & Sales forecast Definition