That it requires the organization to think about what is happening in the markets is a reason for the importance of forecasting and budgeting.

Question

Quizplus · Accepted Answer

Forecasting and budgeting require organizations to analyze the market conditions, consider external factors affecting the business, and make strategic decisions accordingly. This helps the organization to be better prepared for future challenges and take advantage of emerging opportunities. Therefore, the statement is true.

That It Requires the Organization to Think About What Is