Question

39. Which type of demand forecasting exercise may be undertaken by a group of companies?

(A) Firm level

(B) Industry level

(C) National level

(D) International level​

Answer 1

Answer:

b. ....industry level.

Answer 2

Option “D” is correct i.e. international level.

• International level demand forecasting may be undertaken by a group of companies.

• Forecasting is the requirement of business at an international level as well as at the domestic level.

• Demand forecasting should be finished on a scientific basis and facts and events associated with forecasting should be considered.  

• Demand forecasting is a method for estimation of the probable mandate for a product or service in the future.