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:

Physiological Changes

encompass the alterations in the body's internal conditions in response to environmental factors, developmental stages, or health status, affecting various biological systems and functions.

Novelty

The quality of being new, original, or unusual, often sparking interest, motivation, or attention in individuals.

Optimum Level

The most favorable amount or degree of something for the most effective results.

Arousal

A physiological and psychological state of being awake, alert, and engaged; often associated with motivation, attention, and readiness for activity.