Variable Costs Are Tied to

question 11

Multiple Choice

Variable costs are tied to

• A) exchange rate fluctuations
• B) the price of raw materials
• C) supplier margins
• D) changes in volume

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Definitions:

Demand Forecast

The method of predicting the amount of a product or service that customers will buy in the future.

Correlated

When two or more variables are related in some way, meaning that a change in one variable is associated with a change in another.

Aggregate Forecasts

Predictions of future demand, sales, or other metrics for entire markets or sectors, typically used for strategic planning.

Disaggregate Forecasts

Disaggregate forecasts involve breaking down aggregate predictions into more detailed, specific forecasts, such as by product, region, or customer segment, to improve planning and decision-making.