ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is TRUE regarding demand management (demand forecasting)?
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How much employees for each production of products
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How much demand for each product is expected
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Demand management is proactive, while forecasting tries to predict. Demand management tries to proactively influence demand, while forecasts simply attempt to predict demand. Demand management and forecasting recognize all demand for goods and services to support the market.
Detailed explanation-2: -Delphi method The Delphi method, or Delphi technique, is one of the qualitative methods of demand forecasting that leverages expert opinions on your market forecast.
There is 1 question to complete.