A Managerial Approach Toward Forecasting Which Seeks to Actively Influence

question 112

Multiple Choice

A managerial approach toward forecasting which seeks to actively influence demand is:

• A)reactive.
• B)proactive.
• C)influential.
• D)protracted.
• E)retroactive.

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Definitions:

Negotiated

Pertains to the process of discussing and reaching an agreement on the terms of a contract, settlement, or understanding between parties.

Nonnegotiable

Nonnegotiable refers to something that cannot be negotiated or altered, such as a fixed term in a contract or a financial instrument with terms that cannot be changed.

Without Recourse

This refers to a provision in an agreement that exempts the seller from liability or obligation to the buyer in case of some failure on the part of the products or services sold.

Negotiability

Refers to the feature of a financial instrument which allows it to be transferred from one party to another in a legal manner, typically without endorsement or delivery.