👉 Projections are forecasts or predictions made about future events, trends, or conditions. They are used to inform planning and decision-making in various industries and fields, such as business, finance, technology, healthcare, and government. Projections can be based on historical data, economic indicators, market assessments, and other sources of information to forecast potential outcomes for a specific period.
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What is the definition of Prospection? 🙋
👉 Prospection is a process used in marketing and sales to identify, evaluate, and potentially acquire new customers. It involves identifying potential market opportunities and building relationships with potential customers through targeted advertising and other communication channels. Prospection is often conducted as part of a sales pipeline or after an initial contact has been made with the customer. In terms of its application within the field of marketing, prospection can be used to identify potential customers, gather information about their needs and preferences, and determine if they are a
