Which of the following is a true statement about forecasts,budgets and marketing mix plans?

A) They should be developed independently.
B) They should be developed with a BCG Matrix.
C) They should be developed simultaneously.
D) They should be developed with a SWOT analysis.

Forecasts

Future predictions about various aspects such as sales, weather, economic trends, based on historical data, current conditions, and analytical models, crucial for planning and preparation.

Budgets

Financial plans outlining an organization's projected revenue, expenses, and cash flow over a specific period.

Marketing Mix Plans

Strategies that involve the adjustment and optimization of product, price, place, and promotion to effectively engage with a target market.