When Forecasting Demand

question 203

Multiple Choice

When forecasting demand

• A) industry comparisons are mandatory.
• B) the company forecasts the number and type of people who will be available for hiring from the labour market at large.
• C) employees are interviewed and asked how long they think they will remain with the company.
• D) employees sign a contract stating the number of years they will stay.
• E) a company must assess trends in past HR usage, future organizational plans, and general economic trends.

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Definitions:

Price Issues

Concerns or problems related to the cost of products or services, affecting purchase decisions.

Display Case

A cabinet with transparent glass or plastic sides used to display and protect items being showcased.

Value

In marketing and economics, value refers to the perceived worth, usefulness, or importance of a product or service to the consumer.

Price Objection

Resistance or hesitation from a potential customer or client concerning the cost or pricing of a product or service during the sales process.