Your team has been asked to develop a forecast for the need for storage in the company's communication devices ten years from now. What method would develop the best forecast? Why? How would you execute this method?
What will be an ideal response?
Since you are tasked with developing a technological forecast ten years into the future, and for a product that has evolved significantly over the last ten years, it is doubtful that a quantitative approach is suitable. Among the judgment methods discussed in the text; salesforce estimates, market research, executive opinion, technological forecasting and the Delphi method, the latter three would hold the most potential for a forecast. Answers will vary as to implementation depending on the approach chosen.
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What is the Project Management Body of Knowledge (PMBOK®) Guide for project management?
What will be an ideal response?
_____ provides historical, current, and predictive views of business operations and environments and gives organizations a competitive advantage in the marketplace
A) Business intelligence B) Business differentiation C) Business indexing D) Business exploration
Which of the following is generally included in a sales budget?
A. Budgeted cost of goods sold B. Desired ending inventory C. Schedule of cash payments for inventory purchases D. Schedule of cash receipts for the projected sales
The cash budget measures both the timing and amount of a firm's cash flows
Indicate whether the statement is true or false