Which of the Following Is NOT True About Collaborative Planning,forecasting,and

question 38

Multiple Choice

Which of the following is NOT true about collaborative planning,forecasting,and replenishment (CPFR) ?

• A) The basic idea is to share forecasting information with the suppliers and customers in the supply chain.
• B) It is best applied to business-to-business relationships.
• C) It creates visibility in the supply chain, minimizing the occurrence of the bullwhip in supply chains.
• D) It requires advanced forecasting tools such as Box-Jenkins to improve the forecasting accuracy.

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Definitions:

Postpurchase Stage

Refers to the stage after a purchase has been made, involving customer evaluation of the product and their satisfaction, which can influence future purchasing decisions.

Consumer Journey

The complete experience a customer goes through when interacting with a brand or product, from initial awareness to post-purchase feedback.

Personal Selling

A direct marketing strategy that involves face-to-face sales presentations to potential buyers.

Postpurchase Anxiety

The feeling of regret or concern that a consumer may experience after making a significant purchase.