How Does Product Design Affect Forecasting Accuracy

question 35

Multiple Choice

How does product design affect forecasting accuracy?

• A)Postponable product designs remove the need to forecast demand for final product configurations.
• B)A popular product design improves the demand volume and forecast.
• C)Forecast accuracy is not related to product design.
• D)None of the statements are true.

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Definitions:

Cultural Behaviors

Patterns of actions and social practices that are characteristic of a particular community or society.

Stereotypical Behaviors

Actions or attitudes that are oversimplified and widely held about a particular type of person or group, often based on generalizations.

Cultural Sensitivity

Cultural Sensitivity involves being aware of and respectful towards the cultural differences and customs of others, crucial for effective communication and interaction in diverse environments.

Power Distance

A cultural dimension that reflects the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.