leonore's luxury leather footwear corp. conducts a swot analysis and determines that at least 57 percent of consumers demand high-end footwear, and, as a result, its sales should increase by 18 percent in the next year. this vision of what could happen is known as a

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08-11-2022
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leonore's luxury leather footwear corp. conducts a swot analysis and determines that at least 57 percent of consumers demand high-end footwear, and, as a result, its sales should increase by 18 percent in the next year. this vision of what could happen is known as a

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kumarravichandra kumarravichandra · Answer 1 · 2022-11-18T07:15:02+01:00

This vision of what could happen is known as a Forecast. One example of a prognosis for future occurrences Rise in sales of Leonore's Luxury Leather footwear.

A forecast is an estimate of a future event or trend that might take place. Analysis and foresight SWOT are the business venture's marketing partners. SWOT acknowledges the practices used to create a specific business model in accordance with the company's potential means and talents, including the environments in which the organization operates.

It observes internal and external factors that affect the firm's success, both positive and negative. The analysis helps the company forecast or prognosticate various trends that aid in any business's decision-making process. Accurate forecasting lowers risk and improves decision-making effectiveness demonstrably.

To know more about the Forecast here:

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