All of the Following Are True About Forecasts EXCEPT

question 64

Multiple Choice

All of the following are true about forecasts EXCEPT:

• A)become less accurate with longer time horizons.
• B)are less accurate for individual items than for groups of items.
• C)are always perfect.
• D)are usually the responsibility of operating managers to prepare.
• E)assume the same underlying causal system in the future as the past.

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Definitions:

Bundling

Practice of selling two or more products as a package.

Price Discrimination

The strategy of selling the same product at different prices to different segments of consumers, based on their willingness to pay.

Combination Meal

A set meal at a restaurant that includes multiple items at a fixed total price, often providing a discount compared to purchasing items separately.

Student ID

A unique identifier assigned to students by educational institutions for tracking and administrative purposes.