A Qualitative Forecast Would Be Most Likely Used for

question 46

Multiple Choice

A qualitative forecast would be most likely used for

• A) aggregate planning.
• B) production scheduling.
• C) inventory management.
• D) facilities expansion.

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Definitions:

Inventory

The goods and materials a business holds for the purpose of resale or production, reflected as an asset on the balance sheet.

Merchandise Purchased

Goods bought by a business for the purpose of resale, forming part of its inventory.

Cost Of Goods Available

The total cost of all merchandise or materials available for sale or use, including beginning inventory plus purchases.

Purchase Returns

Goods returned by the buyer to the supplier due to defects, inaccuracies in shipment, or other discrepancies.