Business trends

Jun 30th, 2016
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Running head: DETERMINANTS OF BUSINESS TRENDSInformation Used to Evaluate General Business TrendsNameCourse NameCourse InstructorDate1DETERMINANTS OF BUSINESS TRENDS2IntroductionManagement of every organization and enterprise rely on forecasting of business trends inorder to come up with strategies and identify new markets. The information acquired would helpunderstand the probability of demand of a new product or an existing product. Forecasting hasbeen done in the past by management through meetings and discussion. As globalization hasincreased markets have become bigger and therefore, information required should be morespecific. It will give a clear understanding of what to expect at a specific time frame (Harper andDonald, 1969).History of a product is one of the information that is important in evaluating business trends. Itis where the management understand

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