A sales forecast

A) shows a forecast for the firm only.
B) shows a forecast for the industry only.
C) shows forecasts for the industry and for the firm.
D) plays a minor role in the development of the master budget.

Sales Forecast

An estimate of sales for a future period, often used for planning and managing business operations.

Master Budget

A comprehensive financial planning document that consolidates all individual budgets within an organization, projecting its overall financial activities.

Firm Forecast

A prediction or estimation about future business conditions that is relatively certain and stable.