Relying on Executive Judgment for Forecasting May Be Adequate When

question 173

Multiple Choice

Relying on executive judgment for forecasting may be adequate when

• A) levels of marketing efforts put forth by competitors vary considerably.
• B) recent events give the executive specific impressions of product demand.
• C) product demand is erratic.
• D) the executive conducts surveys.
• E) the executive has considerable experience and product demand is relatively stable.

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Definitions:

Work Stoppages

Instances when work is temporarily halted due to disputes, strikes, or other issues between employees and management.

Craft Unions

Labor unions representing workers in specific trades or crafts, focusing on skill development, standards, and wages within their trade.

Industrial Unions

Labor unions that represent all workers, skilled and unskilled, within a particular industry, advocating for their rights, wages, and working conditions.