Question: When companies forecast, they reduce risks and make better financial decisions that increase profit margins, cash flows, improve resource allocations, and create more opportunities for

When companies forecast, they reduce risks and make better financial decisions that increase profit margins, cash flows, improve resource allocations, and create more opportunities for growth. The demand for goods and services is impacted by a variety of issues, such as global markets and cultures, interest rates, income, inflation, supply chain issues, and technology. Competitors actions and government regulations also have an impact.

How does Ford, GM, Ram, or Toyota forecast how many half-ton (F150s, 1500s, or Toyota Tundras) pickup trucks to produce per year and at what price? Pick a manufacture Ford, GM, Ram, or Toyota, and describe how they might forecast demand and what is issues could be impacting their forecast.

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