For Which of the Following Categories of Products Will Demand

question 18

Multiple Choice

For which of the following categories of products will demand forecasting be easiest?

• A) commodities which are in the initial stage of their product life cycles
• B) products which have many close substitutes in the market
• C) goods which are produced in an oligopoly market
• D) products whose sales fluctuate widely
• E) products whose consumers are highly sensitive to change in price

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Definitions:

Material B

This term could refer to a secondary or alternative material used in manufacturing or production processes.

Pounds

A unit of weight measurement commonly used in Britain and the United States, equal to 0.453592 kilograms.

Budgeted Units

An estimated quantity of goods or services that a company plans to sell or produce within a specific period.

Production

The process of creating, manufacturing, or using goods and services.