Which of the Following Statements Is True About Demand Forecasts

question 100

Multiple Choice

Which of the following statements is true about demand forecasts?

• A)Demand forecasts are always accurate in predicting the actual demand that will occur in the future period.
• B)Demand forecasts are rarely accurate in predicting the actual demand that will occur in the future period.
• C)Demand forecasts are estimates of long-term demand for a firm's products.
• D)Demand forecasts do not account for the randomness in the actual demand.

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Definitions:

Servant Leadership

A leadership philosophy that emphasizes serving the needs of others, fostering a supportive and collaborative environment.

Paradox

A statement or proposition that, despite sound reasoning from acceptable premises, leads to a conclusion that seems logically unacceptable or self-contradictory.

Serve and Influence

The concept of using one’s position or skills to benefit others and create positive change in their environment or society.

Descriptive

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