Forecasters View Demand as a Combination of ______

question 39

Multiple Choice

Forecasters view demand as a combination of ______.

• A)direct and indirect variations
• B)seasonal and cyclic variations
• C)predictable and random variations
• D)regular and irregular variations

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Definitions:

Units

A measure of quantity used to express the amount of product made or available.

Unit Product Cost

The total cost incurred to produce, manufacture, or acquire a product, divided by the number of units produced, representing the cost per individual unit.

Estimated

An approximation or educated guess based on available information or data.

Direct Labor Cost

The total cost of wages, salaries, and benefits paid to employees who directly work on manufacturing a product.