Akiko Realizes the Importance of Developing a ________ for Her

question 27

Multiple Choice

Akiko realizes the importance of developing a ________ for her interior design business. Akiko understands the importance of appropriately allocating resources in order to achieve the goals of her firm.

• A) market prediction
• B) financial forecast
• C) budget
• D) cash flow analysis

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Definitions:

Shortage

A situation in which the demand for a product or service exceeds the available supply, often leading to higher prices or unmet consumer needs.

Organizational Flexibility

The ability of an organization to adapt rapidly and efficiently to changes in the internal and external environment.

HR Forecasting

The process of predicting an organization's future human resources needs based on current data, trends, and projected future events to ensure that the right number of people with the right skills are available when needed.

HR Strategies

Long-term plans designed to align human resource management with the overall goals of an organization to achieve competitive advantage.