Describe the three forecasting time horizons and their use
What will be an ideal response?
Forecasting time horizons are: short range–generally less than three months, used for planning purchasing, job scheduling, workforce levels, job assignments, and production levels; medium range–usually from three months up to three years, used for sales planning, production planning and budgeting, cash budgeting, analysis of various operating plans; long range–usually three years or more, used for planning for new products, capital expenditures, facility location or expansion, and R&D.
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An importer of computers is required to pay a duty to the government of $100 per computer regardless of the price of the computer. Which type of tariff is described in this example?
a. tariff quota b. compound tariff c. specific tariff d. ad valorem tariff
An acceptance must be written on the draft
a. True b. False Indicate whether the statement is true or false
What is meant by social networking websites?
What will be an ideal response?
Steve and Mary are art collectors. They own lithographs, etchings, and vintage photographs valued at over $250,000. Steve and Mary display their art collection at their home. They can insure this valuable personal property through a
A) title insurance policy. B) dwelling property form. C) personal articles floater form. D) personal umbrella policy.