Question: The primary difference between demand management and demand forecasting is: Select one: O a. A firm cannot execute both approaches simultaneously O b. Forecasting is

The primary difference between demand management and demand forecasting is: Select one: O a. A firm cannot execute both approaches simultaneously O b. Forecasting is only possible when quantitative data are available. O c One approach deals with uncertainty of the future demand while the other affects the past demand that is already realized. O d. Demand management is a proactive approach while forecasting is a passive approach to demand

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

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...

Academy ol Management Executive. 2005, Vol. 19, No. 4 Reprinted Irom 1999, Vol, 13. No. 1 Achieving and maintaining strategic competitiveness in the * century: The role of strategic leadership R....

Unit 2: Designing the Operations Designing the operations of an organization or your department - precedes operational management. For .ll _ . example, suppose a wallet manufacture's mission is to '...

Please provide summary of the above text (More than 3000 words) **There should be no plagiarism. If you provide wrong solution then i will dislike and report you abusive and spam. Don't waste my...

Management accounting assignment: Write a critique with reference list. Please help me write something as much as you could. Analysing technology investmentsfrom NPV to Strategic Cost Management...

Budgeting for Nonprofit Organizations Although budgeting is just as important for nonprofit organizations as for for-profit companies, the approach taken toward budgeting can be very different. In...

Amazon Marketplace Case Study: Deliverable for Submission. Write Step 4, The Problem and Step 5, The Solution of the Press Release for the proposed Seller Fulfilled Prime (SFP) initiative. In June...

Not A \"Pioneer\" But Recognize New Market Requirements? January 2012 CMS recently named 32 Pioneer ACOs and has begun funding Innovation Grants to help prepare for new models of care delivery....

Based on Chapter 3 "Operational Finance", describe how ratio analysis can be useful to operations management e system: Teaching Medicine, 329(14) mpetitive business CT: Greenwood 10 ad how they work....

Determine the heat transfer coefficient at the stagnation point and the average value of the heat transfer coefficient for a single 5-cm-OD, 60-cm-long tube in cross-flow. The temperature of the tube...

What questions about cash are answered by the statement of cash flows? Discuss.

Robinson Technologies has an employee earning $6,800 per month. The FICA tax rate for Social Security is 6.2%, and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.6%, and the...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...