Asked by Junwei Zheng on May 26, 2024
Verified
One use of short-range forecasts is to determine
A) planning for new products.
B) capital expenditures.
C) research and development plans.
D) facility location.
E) job assignments.
Short-Range Forecasts
Predictions about future events or trends focusing on a short period, often used for immediate planning or decision-making.
Job Assignments
The allocation of tasks, responsibilities, or projects to employees or team members within an organization.
- Understand the significance of demand forecasting in the planning process across different organizational departments.
Verified Answer
KD
Kayla DaltonMay 31, 2024
Final Answer :
E
Explanation :
Short-range forecasts are typically used for more immediate operational decisions such as job assignments. Choices A, B, C, and D are better suited for long-range forecasts.
Learning Objectives
- Understand the significance of demand forecasting in the planning process across different organizational departments.