Demand Created as Managers Conceptualize Forecasts and Guess at Future

question 22

True/False

Demand created as managers conceptualize forecasts and guess at future demand is known as dependent demand.

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Definitions:

Strategic risks

Risks that arise from significant shifts in a business environment, threatening the formulation and execution of an organization's strategy.

Business success

The achievement of desired financial and operational goals within a business, often measured by profitability, market share, and customer satisfaction.

Operational

Pertaining to the day-to-day functions and activities necessary for an organization or process to run effectively.

Risk environments

Contexts or situations that expose individuals or organizations to hazards or potential harm related to their activities or decisions.