Question

why producer goods affect demand forcasting​

Answer 1

• An organization faces several internal and external risks, such as high competition, failure of technology, labor unrest, inflation, recession, and change in government laws.
• Therefore, most of the business decisions of an organization are made under the conditions of risk and uncertainty.
• An organization can lessen the adverse effects of risks by determining the demand or sales prospects for its products and services in future. Demand forecasting is a systematic process that involves anticipating the demand for the product and services of an organization in future under a set of uncontrollable and competitive forces.