______ Is the Process of Gathering Information from Within and Outside

question 61

Multiple Choice

______ is the process of gathering information from within and outside of the organization to forecast demand for a product.

• A)Collaborative forecasting
• B)Causal forecasting
• C)Collaborative planning
• D)Causal planning

---

Definitions:

Repetitive Procedure

A method or operation that is carried out repeatedly to test the consistency and reliability of results.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution, rather than the optimal one.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representative Heuristic

A cognitive shortcut that involves judging the probability of an event by its resemblance to a prototype or typical example, potentially leading to biases in decision-making.