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Explain Developing premises with suitable example?

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Explain Developing premises with suitable example?

Posted by Vinod Kumar 5 years ago

CBSE > Class 12 > Business Studies

1 answers

Gaurav Seth 5 years ago

Premises refers to the assumptions regarding the future conditions which may affect the attainment of plans. Premises provides important forecasts relating to the future which may affect the business. So the business must make strong assumptions.

For example: IBM made forecast of the 3rd generation computer system which stood as a bench mark.

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