Cash flow Forecast-Budget Niche market!

So tired to do blog.....anyway I should resume my blog...exams coming soon...especially business,still painful....

Today I did the BUS mock,I thought it should be fine,but actually,it isn`t...I misunderstood the last part in question 1(9marks)

Today I am going to talk about the limitations of budget,cash flow forecast and niche market.

Cash flow forecasting disadvantages:
1.Mistakes can be made in both costs and revenue
2.Unexpected cost increase can lend to inaccuracies and misleading in forecasts
3.Wrong assumption ca be made in forecast,maybe poor market research,and it will also make the forecast inaccurate.

Budget disadvantages:
1.Allocations may be incorrect because the circumstances have changed
2.the both income and costs may increased unexpectedly it also makes the figures inaccurate.

niche market cons and pros:
pros:consumers are willing to pay a high price,has demanded price inelastic

cons:lack of economies of scale may make high costs.