Forecasts

Emma is planning to open a new café and wants to understand what "Projections" mean in the context of her business plan. How would you define "Projections"?

• The need or desire for a product or service.

• Expected numbers or estimates about future performance.

• An increase in size, number, or value.

• The result of an action or event.

Answer explanation

In the context of a business plan, "Projections" refer to expected numbers or estimates about future performance, such as sales, expenses, and profits, helping Emma plan her café's financial future.

Noah is planning the company's future growth. He says, "In the __________, we expect our sales to double."

• demand

• competition

• best-case scenario

• outcome

Answer explanation

The phrase 'best-case scenario' indicates an optimistic projection for future sales, making it the most suitable choice. It implies that in the most favorable conditions, sales are expected to double.

Identify the correct meaning in context: "The demand for our new product is higher than expected."

• The competition is stronger than expected.

• The need or desire for our product is greater than expected.

• The growth of our product is slower than expected.

• The outcome of our product launch is uncertain.

Answer explanation

The phrase "The demand for our new product is higher than expected" indicates that the need or desire for the product exceeds initial forecasts, making the correct choice about the greater need or desire for the product.

Elijah asked, "What do you think about the sales projections for next quarter?" "I think they are quite __________," replied Ethan.

• unlikely

• realistic

• worst-case scenario

• competition

Answer explanation

Ethan's response indicates a positive outlook on the sales projections. The word 'realistic' suggests that he believes the projections are achievable, making it the most fitting choice compared to the other options.

During a team meeting, your manager says:
"Our sales have been consistently strong, and new clients are coming in. Given the current market conditions, it’s __________ we’ll go below our sales target this year."
Choose the best word to complete the sentence.

• unlikely

• likely

• sure

• certain

Answer explanation

The correct word is 'unlikely' because the manager's statement indicates strong sales and new clients, suggesting it is improbable that they will fall below the sales target this year.

True or False: "When Aria's company experienced growth, it always meant an increase in the number of employees."

• True

• False

Answer explanation

The statement is False because a company can experience growth through increased efficiency or automation, which may not require hiring more employees.

Scarlett is opening a new coffee shop in town. She needs to understand the market better. Match the vocabulary word to its definition: "Competition"

• Expected numbers or estimates about future performance.

• The most negative possible outcome.

• Other businesses offering similar products.

• Practical and likely to happen.

Answer explanation

The correct choice is 'Other businesses offering similar products.' because competition refers to the presence of other companies in the same market that provide similar goods or services, impacting Scarlett's coffee shop.

Emma was surprised to see that the __________ of their school project presentation was better than they anticipated.

• growth

• outcome

• demand

• competition

Answer explanation

The word 'outcome' fits best in the sentence as it refers to the result of their school project presentation, which aligns with Emma's surprise at the results being better than expected.

Abigail asked, "How do you think the market will react to our new product?" "__________". Choose the best answer to her question.

• We’re sure to hit our targets.

• It’s the worst-case scenario.

• The competition is unlikely.

• Demand is not realistic.

Answer explanation

The correct choice, "We’re sure to hit our targets," reflects a positive outlook on market reaction, suggesting confidence in the product's success. The other options indicate doubt or negativity, which do not align with a hopeful market response.

Identify the correct meaning in context: "In the worst-case scenario, we might have to cut costs."

• The most positive possible outcome.

• The most negative possible outcome.

• An increase in size, number, or value.

• Expected numbers or estimates about future performance.

Answer explanation

The phrase 'worst-case scenario' refers to the most negative possible outcome, indicating that cutting costs may be necessary if things go poorly. Thus, the correct meaning is 'The most negative possible outcome.'