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Hughes Inc hired Liz to act as the chief architect for a major shopping development.After about a year,however,the parties' relationship began to deteriorate and the situation quickly became intolerable and irreparable.Each side blamed the other.Hughes Inc sued Liz for breach of contract.Liz defended that claim and started a counterclaim in which she alleged that Hughes Inc had broken their agreement.The dispute was eventually resolved through arbitration.Which of the following statements is TRUE?
Demand Forecasts
Predictions about future customer demand for a product or service, based on historical data, market trends, and other influencing factors.
Safety Inventory
Stock kept in reserve to protect against uncertainties in demand or supply, ensuring customer demand can be met without delays.
Demand Forecasts
Predictions about future customer demand for a product or service, based on historical data and market analysis.
Safety Inventory
Stock that is held in reserve to protect against stockouts caused by fluctuations in demand or supply chain disruptions.
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