Demand Management Might Be Defined as Focused Efforts to Estimate

question 10

True/False

Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions.

---

Definitions:

Hindsight Bias

The tendency to believe, after an outcome is already known, that one would have foreseen it, often referred to as the "I-knew-it-all-along" effect.

"I Knew It All Along"

A cognitive bias, also known as hindsight bias, where people believe they accurately predicted an event or outcome that could not have been reasonably foreseen.

Confirmation Bias

The inclination to seek out, understand, prioritize, and remember information in a manner that validates one's already established beliefs or theories.

Trump Administration

The executive branch of the U.S. government from January 2017 to January 2021, under the presidency of Donald Trump.