Which key element of a business plan will determine inventory, size of space required, and number of employees needed? A. Sales forecasting B. Identifying strategies and how to implement them C. Financial planning D. Comparing existing businesses E. Setting goals and objectives

The correct answer is A. Sales forecasting.<br /><br />Sales forecasting is the key element of a business plan that will determine inventory, size of space required, and number of employees needed. Sales forecasting involves estimating the future demand for a product or service, which in turn affects various aspects of the business plan, including inventory management, facility size, and staffing requirements. By accurately forecasting sales, a business can plan its operations and resources accordingly to meet the anticipated demand.