Refer to the Graph Shown

question 121

Multiple Choice

Refer to the graph shown. A movement from points A to B represents a(n) :

• A)trough.
• B)downturn.
• C)peak.
• D)upturn.

---

Definitions:

Forecast Errors

The difference between forecasted values and the actual values that occur, indicating the accuracy of forecasting methods.

Aggregate Plans

Aggregate plans are company-wide plans that are laid out for production, inventory levels, and workforce size to meet fluctuating demand in the most cost-effective manner.

Capacity

Refers to the maximum level of output that a company can sustain to make a product or provide a service.

Inventory

The goods and materials a business holds for the ultimate goal of resale or production.