Definition of Sales Forecast

A company's projection of its future sales revenue. It is an estimate of how much a company expects to sell its product or service within a specific time period, such as a quarter or a year. This type of projection helps a company make decisions including budgeting and hiring.

Example: The CEO asked the head of sales to put together a sales forecast for both the next quarter and the entire year.

Variations: revenue forecast, sales projection, revenue projection


Usage of "Sales Forecast" by Country

Business English is used in many different countries around the world. Some of the words and phrases listed on this site will be understood everywhere Business English is used, but some words and phrases are only used in specific countries. The map below shows where "Sales Forecast" is most commonly used.

Word Usage Map

Learn More About "Sales Forecast"

"Sales Forecast" is in the top 30% most popular words looked up on this site.

"Sales Forecast" is used in the workplace during meetings or emails.

The definition for "Sales Forecast" was last updated in 2023.

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Business English Quiz

Question: What does "Calendar Invite" mean?

   (A) When a person wants to meet with you next week.
   (B) An email sent to schedule a meeting with the option to either accept or decline the meeting at the scheduled time.
   (C) When a person has available time on their calendar to meet with you.
   (D) When a person does not have any time to meet with you.

Answer: Find out the right answer here.

About This Site

Jargonism is a Business English dictionary. You can learn about words and phrases that are commonly used in the workplace like Circle Back, Thought Leader, and Offsite. We also have a Word of the Day, which is a daily Business English vocabulary word that is commonly used in the workplace.

On this site, we also have templates on how to communicate effectively at work, such as requesting PTO, declining a promotion, and taking a sick day.

Word of the Day

Date: 05/14/2024

Word: Close It Out

Definition: To mark something as completed.

Example: This task has been fixed, so let's close it out within the task tracker.

Cite This Page

"Sales Forecast." Jargonism.com Dictionary, https://jargonism.com/words/1749. Accessed 05/14/2024.