Bias

question 23

Multiple Choice

Bias:

• A) occurs when actual demand is consistently below the forecast demand
• B) is a systematic error
• C) occurs when actual demand is consistently above the forecast demand
• D) all of the above

---

Definitions:

Adaptation

The process of change by which an individual or group becomes better suited to its environment or circumstances, often involving modifications in structure, behavior, or practices.

International Strategy

A business approach that entails deciding how to enter and operate in global markets, including considerations of scale, scope, and the adaptation of products and services for local needs.

Value Chain Analysis

A strategic analysis tool used to identify the activities within a company that create value and those that could be improved to provide competitive advantage.

Support Roles

Positions within an organization designed to assist and enable the main functions or activities to perform more efficiently.