A Major Reason That Forecasting Is So Important in Business

question 4

Multiple Choice

A major reason that forecasting is so important in business is that

• A) customers often demand forecasts before they purchase equipment.
• B) forecasts accurately describe a company's history.
• C) forecasts are good for spotting errors in current operations.
• D) spotting trends can give you an edge over the competition.

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Definitions:

Present

Currently existing or happening now; also refers to the gift or act of giving.

Bullying

The act of seeking to harm, intimidate, or coerce someone perceived as vulnerable.

Harassment

Unwanted, offensive, and often repeated behavior that aims to intimidate, degrade, humiliate, or undermine an individual or group.

Presenteeism

The phenomenon of employees coming to work despite being ill or unwell, often leading to decreased productivity and potential spread of illness.