Perhaps the Simplest Type of Internal Supply Forecast Is The

question 5

Multiple Choice

Perhaps the simplest type of internal supply forecast is the:

• A) Delphi technique.
• B) succession plan.
• C) talent inventory.
• D) business strategy.

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Definitions:

Construction Workers

Individuals employed in the construction sector to work on buildings, roads, and other structures.

Demand

The level of demand for a good or service that purchasers can and want to buy across a range of prices within a certain time frame.

Market Wage Rate

The prevailing pay rate for a specific job in the labor market, influenced by factors like supply and demand.

Equilibrium Quantity

The amount of products or services offered and sought at the equilibrium price, a point where the supplied quantity matches the demanded quantity.