What are the three realities of forecasting that companies face?
What will be an ideal response?
First, outside factors that we cannot predict or control often impact the forecast. Second, most forecasting techniques assume that there is some underlying stability in the system. Finally, both product family and aggregated forecasts are more accurate than individual product forecasts.
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The primary colors–yellow, red, and blue–can be combined to produce secondary colors
Indicate whether the statement is true or false.
According to your text, one of the biggest sociocultural changes in the United States over the past half century has been
A. the shift from one-income families to two-income and single-parent households. B. the decline of females as the primary purchasers of products. C. the increased use of the Internet for purchasing consumer products. D. the gradual increase of college graduates in the workplace. E. the immigration of Hispanics into the country.
The area of control of powerful people in an organization is referred to as territory. _________________________
Answer the following statement true (T) or false (F)
Which factor is influencing individual behavior when an individual is faced with the choice of furthering his or her own interests rather than the interests of the organization?
a. organizational factors b. business environment c. profit and loss statements d. society e. personal moral philosophy