A Tracking Signal Was Calculated for a Particular Set of Demand

question 29

Multiple Choice

A tracking signal was calculated for a particular set of demand forecasts.This tracking signal was positive.This would indicate that

• A)demand is greater than the forecast.
• B)demand is less than the forecast.
• C)demand is equal to the forecast.
• D)the MAD is negative.
• E)None of the above

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Definitions:

Profitable Level

The point at which the revenue from sales exceeds the costs involved in production or procurement.

Market Price

Market Price is the current price at which a good or service can be bought or sold in a marketplace.

Short Run

This is a period during which at least one factor of production is fixed, typically used in economic analyses to describe immediate effects of changes.

Produce

Agricultural products, especially fresh fruits and vegetables, that are grown for consumption.