List and briefly describe the three major types of forecasts that organizations use in planning future operations
What will be an ideal response?
The three types are economic, technological, and demand. Economic forecasts address the business cycle by predicting inflation rates, money supplies, housing starts, and other planning indicators. Technological forecasts are concerned with rates of technological progress, which can result in the birth of exciting new products, requiring new plants and equipment. Demand forecasts are projections of demand for a company's products or services.
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Facebook is one way to validate our identity and our concept of ______.
A motivation B. importance C. self D. connection to others
Procedural fairness is a customer's perception of the benefits received compared with his or her costs in terms of inconvenience or monetary loss.
Answer the following statement true (T) or false (F)
An employer's workforce is said to be at parity with the relevant labor market when
A. women are hired at the same rate as men from the surrounding labor market. B. affirmative action goals are achieved at the same rate as other employers in the surrounding labor market. C. the employer's workforce by race and sex compares favorably with the surrounding labor market D. adverse impact is eliminated in the selection of employees from the surrounding labor market.
When consumers are sensitive to price changes, _____ occurs.
A. inelastic demand B. elastic supply C. elastic demand D. inelastic supply E. unitary elasticity