Which Tool Would Allow a Manager to Estimate How Much

question 99

Multiple Choice

Which tool would allow a manager to estimate how much of a product will sell in a three-month period?

• A)sales forecasting
• B)sales tracking
• C)demand analysis
• D)promotion evaluation
• E)advertising effectiveness study

Understand the costs associated with postponement and its impact on production and profitability.

Recognize the role of tailored and flexible postponement strategies in matching supply with uncertain demand.

Learn about managerial decisions in setting optimal order quantities and pricing under capacity and demand constraints.

Appreciate the complexity of supply chain decisions, including trade-offs between different strategies to improve profitability.

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Definitions:

Industry

The sector of an economy that is concerned with production of goods, extraction of minerals, or the provision of services.

Industrious

Characterized by hard work, diligence, and a strong dedication to achieving goals or completing tasks.

Inferior

Referring to something of lower quality or rank.

Erik Erikson

A developmental psychologist famous for his theory on the psychosocial development of human beings.