Because Services Cannot Inventory Their Output, They Must Forecast Demand

question 72

True/False

Because services cannot inventory their output, they must forecast demand more accurately and better manage the resources needed to provide the service.

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Definitions:

Neural Networks

Computational models designed to simulate the way the human brain analyzes and processes information, used broadly in artificial intelligence.

Product's Code

A unique identifier assigned to a product, usually in the form of an alphanumeric string, which helps in identifying and tracking the product.

Smartphone

A mobile phone that combines cellular and mobile computing functions into one device, including internet access and the ability to run apps.

Computer Programs

Instructions written by programmers that are executed by a computer to perform specific tasks or operations.