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Chapter 8 - Forcasting

Authored by Aeyda Reen

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University

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Chapter 8 - Forcasting
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main function of demand management?

Managing the production of goods

Promoting products

Recognizing and managing all demand for products

Managing inventory

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Demand forecasts are often reviewed over the period:

Daily

Weekly

Quarterly or annually

Every five years

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The forecasting component does NOT include:

Basic Demand

Season

Cycle

Stock Storage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Forecasts are usually numbers for:

Inventory in the warehouse

Stock Keeping Units (SKU) and distribution locations

Quantity of damaged products

Marketing costs of products

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The forecasting process requires the selection of appropriate techniques based on:

Cost of the technique

Experience of the forecaster

Number of workers involved

Forecasting period

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors that influence demand include:

Business and economic conditions

Current weather

Political conditions

Road infrastructure

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The component that refers to periodic changes in demand is called:

Trend

Cycle

Season

Promotion

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