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Why should an entrepreneur compare actual sales with planned sales?

Answer and explanation

Correct answer: To identify performance gaps and make improvements

Comparing planned sales with actual sales shows whether the business is meeting its target. A shortfall or excess is a performance deviation that may require examining price, product quality, promotion, demand, or distribution. The entrepreneur can then take corrective action and improve future plans. This comparison is used for monitoring and control, not specifically for raising taxes, identifying age, or changing a product’s name.

Related tags

Performance-MonitoringSales-TargetControlIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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