There are no differences in strategic and tactical forecasting. A forecast is a mathematical projection, and its ultimate purpose should make no difference to the analyst.
Answer the following statement true (T) or false (F)
False
In considering what forecasting approach to use, it is important to consider the purpose of the forecast. Some forecasts are for very high-level demand analysis. What do we expect the demand to be for a group of products over the next year, for example? Some forecasts are used to help set the strategy of how, in an aggregate sense, we will meet demand. We will call these strategic forecasts. Forecasts are also needed for how a firm operates processes on a day-to-day basis. For example, when should the inventory for an item be replenished, or how much production should we schedule for an item next week? These are tactical forecasts where the goal is to estimate demand in the relative short term, a few weeks or months.
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John Britain Fabrics and BlueFabs are in the exploration stage of a sales relationship. Margret, a sales executive for John Britain Fabrics, has been assigned to ensure reordering from BlueFabs. What should she do to ensure this?
A. She should compel BlueFabs to reorder by giving discounts. B. She should give the impression of a fair adjustment of price. C. She should continuously monitor BlueFabs' levels of satisfaction. D. She should set high expectations for the products bought by BlueFabs. E. She should make up responses to tough questions by BlueFabs.
Thinly traded securities have a greater inherent risk related to valuation
a. True b. False Indicate whether the statement is true or false
Savvy Sightseeing had beginning equity of $78,000; revenues of $108,000, expenses of $71,000, and dividends to stockholders of $9600; there were no stock issuances. Calculate the ending equity.
A. $37,000. B. $41,000. C. $105,400. D. $31,400. E. $115,000.
It's a good idea to give the audience a paper copy of your presentation:
a. before the presentation b. during the presentation c. after the presentation d. never