Question

35. A forecast that projects a company's sales is an
(A) Economic Forecast
(B) Demand Forecast
(C) Weather Porecast
(D) Technological Forecast
36. Ergonomics is the study of ?​

Answer 1

Answer:

demand forecast

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Answer 2

Answer:

Option B - Demand forecast projects a company's sales.

Explanation:

• Demand forecasting: The art of using the past sales or stock market, to help get an idea of what are the possibilities in the future.
• It is fundamental and very important to run a business smoothly.
• It helps in making operational decisions and easy to perform tasks accurately.
• It always sets correct inventory levels for a business, understands how and when the business can be extended or when it should be contracted, and prices its products correctly.
• Poor forecasting leads to severe losses, unhappy customers, depleted inventory and lost revenue.      

Hence, demand forecasting plays a very important role in decision-making.