Question: What is speculative production and how does it impact a firm's financial planning? What challenges might a company face if it overestimates the time between

What is speculative production and how does it impact a firm's financial planning? What challenges might a company face if it overestimates the time between production and sales of product? What are the challenges of underestimating the time between production and sales of a product? Imagine a concrete example and describe whether and how effective financial planning might minimize these challenges. Be sure to preface any assertions with factual sources.

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