In week 1, your team selected a business for which you'll make a budget proposal. Your first step is to sales forecast (in sales dollars) when no historical data is available. Use methods such as historical analogy, expert judgment, consumer surveys, the Delphi method, or calculations based on population distributions, estimated growth rates, or expected market penetration rates to arrive at reasonable sales figures for your business for the next 5 years. Use the Budget Proposal Workbook.xlsx and Budget Proposal Template.docx. You will be graded on correct analysis, proper use of technology, business-like presentation of technology, and team participation.

Grading Rubric:

Description

Points

There is a five year sales forecast in the Word document Section 2.1 and the Excel spreadsheet (in sales dollars).

2The five year forecast appears to be based on research, reasonable assumptions, and the methodologies described in the course based on the description in section 2.2. of the template.

4The 5 year forecast calculations appear to be correct.

4Total Points