Briefly explain the difference between lagging indicators and leading indicators.
-
128) Briefly explain the difference between lagging indicators and leading indicators.
-
129) Explain how business planning helps managers in a firm.
-
130) Compare and contrast strategic planning and operational planning.
A lagging indicator is a monetary sign that becomes clear solely after an enormous shift has occurred. Accordingly, lagging indicators affirm long-haul patterns, yet they don't anticipate them. Checking out lagging indicators is one way of affirming whether a change in the economy has really happened.
A leading indicator can be said as the piece of financial information about future developments or changes in some of the most interesting ones. Customer confidence files, purchasing management records, useless submission cases, and standard hours spent are the leading indicators.
Step by step
Solved in 2 steps
