Common Examples of Inaccurate Forecasts Driving Poor Strategic Decisions Include

question 74

Multiple Choice

Common examples of inaccurate forecasts driving poor strategic decisions include

• A) poor estimates of the demand for new products.
• B) miscalculation of the impact of international competition on product lines.
• C) changes in the economic and legal systems.
• D) all of the above

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Definitions:

Charles Evans Hughes

An American statesman, lawyer, and Republican politician who served as Chief Justice of the United States and as a presidential candidate in 1916.

Woodrow Wilson

The 28th President of the United States, serving from 1913 to 1921, known for his leadership during World War I and his advocacy for the League of Nations.

Presidential Election

A presidential election is the process by which a country’s electorate selects the President, often through direct or indirect vote.

Lusitania

British passenger liner sunk by a German U-boat, May 7, 1915, creating a diplomatic crisis and public outrage at the loss of 128 Americans (roughly 10 percent of the total aboard); Germany agreed to pay reparations, and the United States waited two more years to enter World War I.