A Danger of Forecasting Discussed in the Text Is That

question 109

Multiple Choice

A danger of forecasting discussed in the text is that

• A)in most cases, the expense of collecting the necessary data exceeds the benefit.
• B)the retrospective nature of forecasting provides little information about the future.
• C)managers may view uncertainty as black and white while ignoring important gray areas.
• D)it can create legal problems for the firm if regulators discover the company is making forecasts.

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Definitions:

Zone Price

The price based on geographic location or zone of customers.

Shipping Point

A location from which goods are dispatched or shipped to the buyer, often used to determine shipping costs and responsibility for the goods during transit.

Customer's Location

The geographical position or address of a customer, which can be important in logistics, service provision, and marketing strategies.

One-Time Price Reduction

A temporary reduction in the price of a product or service, offered only once as an incentive.