Question: The primary difference between demand management and demand forecasting is: Multiple Choice Forecasting is only possible when quantitative data are available. Demand management is proactive,
The primary difference between demand management and demand forecasting is:
Multiple Choice
Forecasting is only possible when quantitative data are available.
Demand management is proactive, while forecasting attempts to predict.
A firm cannot execute both approaches simultaneously.
One approach deals with uncertainty, while the other deals with known demand.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
