Demand Forecast Accuracy Is Important Because Overestimating Demand Leads to ________

question 117

Multiple Choice

Demand forecast accuracy is important because overestimating demand leads to ________.

• A)discount blowouts
• B)decreased inventory costs
• C)lost sales
• D)increased prices

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Definitions:

Long-Term Goals

Objectives set to be achieved over a longer period, often exceeding one year, focusing on significant future achievements.

Short-Term Goals

Objectives set to be achieved in the near future, typically within a year or less.

Executive Pay

Compensation awarded to top-level management and executives, including salaries, bonuses, stock options, and other benefits.

Tax Advantages

Financial benefits derived from tax laws that lessen the tax burden on individuals or businesses in certain situations.