How Does Product Design Affect Forecasting Accuracy

question 35

Multiple Choice

How does product design affect forecasting accuracy?

• A)Postponable product designs remove the need to forecast demand for final product configurations.
• B)A popular product design improves the demand volume and forecast.
• C)Forecast accuracy is not related to product design.
• D)None of the statements are true.

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Definitions:

Concession Bargaining

A negotiation process where labor unions agree to give up previous benefits in exchange for something else, often to avoid worse outcomes.

Decline of Manufacturing

Refers to the decrease in the production of goods in factories and the reduction of jobs in the manufacturing sector, often due to automation, globalization, and shifts towards a service-based economy.

National War Labor Board

A historical government agency established during wartime to resolve labor disputes and ensure efficient production and labor harmony.

Institutionalizing

The process of embedding certain practices, norms, or policies within an organization, making them an established part of its culture or structure.