The assumptions about future derived from forecasting and used in planning are known as

A. planning premises

B. freehold premises

C. business premises

D. corporate premises

Answer: Option A

Solution(By Examveda Team)

The assumptions about future derived from forecasting and used in planning are known as planning premises. Planning premises are the anticipated environment in which plans are expected to operate. They include assumptions or forecasts of the future and known conditions that will affect the course of plans such as prevailing policies and existing company plans that controls the basic nature of supporting plans.