Which of the Following Is NOT a Qualitative Approach to Demand

question 93

Multiple Choice

Which of the following is NOT a qualitative approach to demand forecasting?

• A) trend analysis
• B) Delphi technique
• C) soliciting expert opinion
• D) management forecast

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Definitions:

Work in Process Inventory

Inventory that includes all unfinished goods being manufactured at a given time.

Merchandise Inventory

Goods and products that a retailer, wholesaler, or distributor holds for the purpose of resale to customers.

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold.

Factory Overhead Cost

All indirect costs associated with manufacturing, such as maintenance and cleaning of equipment, which cannot be directly traced back to the production of specific goods.