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:

OASDI

An acronym for Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides benefits to retired people, the disabled, and survivors of deceased workers.

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, as well as for some younger people with disabilities.

FUTA

FUTA (Federal Unemployment Tax Act) is a United States federal law that imposes a payroll tax on any business with employees, the funds are used to pay unemployment benefits.

SUTA

State Unemployment Tax Act, referring to state-level taxes that employers must pay towards state unemployment insurance programs.